Could Cardano Be the Next Ripple? ADA Pumps Over 18% in A Week, Is $2 Next?
ADA is carrying its weight on fundamentals alone with an 18% weekly acquire, including bullishness to Cardano price predictions as the broader market stalls.
The altcoin has entered the highest 8, flipping Dogecoin and Tron as Russia-Ukraine peace talks yield no outcomes and hotter-than-expected U.S. PPI dent hopes for a September price lower.
CARDANO TAKES ‘TOP 8’ ON CMC!$ADA has overtaken DOGE & TRON on Coin Marketcap — now the eighth largest crypto on the earth.
Is that this the beginning of its climb towards the High 3?
pic.twitter.com/ICuTxUeNGN
— Coin Bureau (@coinbureau) August 19, 2025
Nonetheless, analysts anticipate as much as 4 price cuts earlier than year-end, with the potential to stimulate new demand for danger property like cryptocurrencies.
Speculators Place for Additional Positive factors
Coinglass derivatives data reveals speculative demand for Cardano surging, with open curiosity up 32% over the previous week, hitting a peak $1.87 billion.
This marks the very best stage for the reason that January bull run, a testomony to investor confidence as merchants actively comply with ADA worth strikes.
These Positions lean closely bullish, with Binance’s lengthy/brief ratio at 2.93, displaying greater than 72% of merchants betting on upside.
Including to the momentum, Alphractal reports growing stickiness amongst short-term holders, who present little inclination to promote regardless of current features.
Within the 2021 cycle, these merchants typically dumped rapidly as ADA rallied. This time, the shift towards accumulation and HODLing suggests a stronger conviction that additional features lie forward.
ADA Value Evaluation: Is $2 Subsequent?
Whereas the July breakout of an 8-month descending channel stands to see additional upside, wider market narratives could also be catching as momentum indicators start to point out their cracks.
The RSI is now reversing after hitting the oversold threshold at 70, suggesting purchaser exhaustion and a possibility for sellers to regain management.
The MACD line additionally teeters on a possible loss of life cross, en path to fall beneath the sign line, an early warning of a brand new downtrend.
With stress on the present $0.90 help, Cardano might be in for a fall to the subsequent important help zone round $0.78
A reputable situation with the September FOMC assembly nonetheless 29 days away. Potential price cuts stay distant, leaving ADA with no near-term catalyst for demand.
Even so, the breakout construction stays intact.
If September delivers on easing expectations, ADA may resume its climb to retest December highs round $1.30, earlier than stretching towards $2—a possible 120% transfer from present ranges.
Nevertheless, overtaking XRP to grow to be the third-largest altcoin would require an virtually 6x acquire.
Such a rally would require important new demand, similar to that of TradFi markets with potential 401(okay) adoption, and the October 10 deadline for a spot Cardano ETF resolution.
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Cardano spot merchants might be caught HODLing one other month, awaiting the subsequent catalyst for demand.
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