Regulators and Rate Cuts Could Be ADA's Secret Weapon for a $3 Leap

Cardano’s price has been on an upward trajectory, with founder Charles Hoskinson making notable predictions about its future performance. Currently trading at $0.922, ADA has surged 80% from its April low, buoyed by positive market conditions and anticipated regulatory developments. Hoskinson has cited two primary catalysts for a potential bull run: the Federal Reserve’s expected interest rate cuts in September and the anticipated passage of the Digital Asset Market Clarity Act. These events could enhance crypto’s appeal compared to traditional fixed-income assets and clarify jurisdictional responsibilities between the SEC and CFTC in the U.S. [2]

From a technical standpoint, Cardano has formed a golden cross pattern, a signal often interpreted as bullish by traders. Price has breached a key resistance level at $0.8637 and now sits above the 50-day moving average. The Supertrend indicator has turned green, and the RSI stands at 58, suggesting ongoing bullish momentum [2]. On-chain data also reflects growing optimism, with open interest in ADA futures increasing from $1.54 billion to $1.77 billion recently. This metric indicates fresh capital inflows, which can further propel price gains [2].

Hoskinson also highlighted upcoming network developments that could support Cardano’s long-term growth. The Midnight Network, a privacy-focused sidechain, is distributing tokens to holders of major cryptocurrencies, while a partnership with BitcoinOS aims to integrate Bitcoin functionality into Cardano’s ecosystem [2]. Despite these initiatives, the network’s developer adoption remains relatively low, with only a limited number of decentralized applications compared to its competitors [2].

Analysts project that if the current bullish trend continues, ADA could break through the $1.02 level, which would set the stage for a potential move toward its yearly high of $1.17 [2]. The cryptocurrency has found strong support near $0.84, aligning with the 61.8% Fibonacci retracement level, and a successful push above $1.02 could signal broader market confidence. However, the Moving Average Convergence Divergence indicator shows converging lines, indicating mixed sentiment among traders [2].

Looking ahead, Cardano’s stablecoin market capitalization has steadily risen since late July, reaching $38.58 million—close to its all-time high of $40 million [2]. Institutional interest is also evident, with whale accumulation reaching over 100 million ADA in a 24-hour period and institutional holdings surpassing $900 million [3]. Analysts have forecast ADA’s price to potentially reach $1.13 to $3.00 by late 2025 [3]. These developments underscore the growing confidence in Cardano’s fundamentals and future potential in the broader crypto market.

Source:

[1] Cardano Price Prediction: ADA Finds Strong Support (https://cryptonews.com/news/cardano-price-prediction-ada-finds-strong-support-september-rate-cuts-trigger-a-breakout-to-3-and-beyond/)

[2] Cardano (ADA) Price: Hoskinson Predicts Major Bull Run (https://coincentral.com/cardano-ada-price-hoskinson-predicts-major-bull-run-fueled-by-rate-cuts-and-regulatory-reform/)

[3] Best Crypto Coin To Invest Into In 2025 (https://www.crypto-reporter.com/press-releases/best-crypto-coin-to-invest-into-in-2025-107893/)