Cardano (ADA) aims for the $1 milestone: Important factors investors need to understand.

Cardano (ADA) recorded an impressive trading week with a 9.9% increase, indicating a clear signal of a bounce back trend gradually forming.

Although it remains within the range of $0.70 to $0.87, ADA has approached the upper resistance level in recent sessions – a positive development that investors are paying special attention to.

According to the latest update, ADA is currently trading around $0.825, marking a significant bounce back after a slight correction earlier in the day.

The next prospects for ADA continue to be positively assessed. Some experts even predict that this altcoin may soon break the psychological barrier of $1 if the current trend is maintained.

Analysts' forecast: The price of Cardano may continue to rise

Dan Gambardello, founder of Crypto Capital Venture, recently shared an optimistic view on the prospects of Cardano (ADA), stating that this cryptocurrency could very well reach the $1 mark in the near future.

In a humorous statement, Gambardello said: "If I go to sleep, Cardano might bounce back to 1 dollar..." — a simple joke that quickly spread within the cryptocurrency community, attracting strong interest from investors.

The statement has created a wave of positive feedback, as many people express their agreement that ADA has enough potential to achieve this notable milestone. One user commented enthusiastically: “Sleep is just temporary, but profits from ADA are forever. However, with the development speed of BitcoinOS, you might want to set an alarm – this network is about to get extremely exciting.”

Another investor referred to ADA as "seriously undervalued coin," and assessed it as "the best investment opportunity in the entire current crypto market."

The widespread optimism reflects the market's increasing confidence in the bounce back and breakthrough of Cardano. Although Gambardello did not provide specific technical analysis in this sharing, he has long been known as a steadfast believer in the long-term value of ADA — having pointed out several important technical milestones that this coin needs to surpass on its growth journey.

Long-term holders continue to maintain their confidence

While short-term fluctuations often shake the confidence of active traders, long-term investors maintain a stronger belief and a more stable outlook on the market.

According to data from the "holding time balance" chart of IntoTheBlock, the group of investors holding ADA for over a year has seen modest growth of 1.81% in asset volume. Meanwhile, those holding for one to twelve months recorded a more significant increase, reaching 7.65%.

Cardano balance over holding time | Source: IntoTheBlockThis figure shows that confidence in Cardano's long-term potential remains strong. In contrast, short-term investors — those holding ADA for less than a month — have experienced a decrease of up to 11.75%.

The data above clearly reflects the negative impact of market volatility on short-term traders, who tend to be easily swept up in minor market adjustments.

Increased confidence in the launch of Cardano ETF

One of the factors contributing to the optimistic sentiment towards ADA prices is the growing expectation regarding the potential launch of the Cardano ETF.

According to data from Polymarket — a decentralized prediction market platform — the probability of an official Cardano ETF fund appearing before December 31, 2025, has now surged to 84%. This is a remarkable growth rate, compared to the rate which only fluctuated between 30% and 40% earlier this year, reflecting a strong shift in investor confidence.

In addition, technical signals are also reinforcing the possibility of an ETF being approved, while showing an increasingly clear interest from financial institutions in Cardano.

In fact, once the ETF is approved, ADA tends to bounce back strongly, coming closer to the position of a mainstream investment asset in the portfolios of professional investors.

Overall, market confidence is continuously increasing, combined with a gradually more open legal environment, creating a solid foundation for the long-term price increase prospects of Cardano.

Analysts expect a strong breakout

Many analysts are closely watching the promising growth prospects of Cardano. Among them, Javon Marks — a prominent analyst on platform X — has pointed out previous breakout patterns of ADA as signals for the upcoming price increase.

He believes that a strong bullish wave may be forming, with the potential to drive ADA up to 66%, approaching the $1.30 mark — and it could even exceed this threshold.

ADA/USDT chart on a 3-day timeframe | Source: TradingViewMarks also suggest that this is just the beginning of a large-scale bullish cycle, with a target that could reach $2.90 in the coming months — equivalent to a spectacular growth of 261%.

Although these forecasts remain speculative, it cannot be denied that Cardano is gradually proving its value through its increasing application.

Moreover, expectations for the ETF fund and positive technical signals are contributing to increasing market confidence, providing additional momentum for the upward trend of ADA.

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