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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Cardano Price Prediction: Why A 52% Rally To $1.20 Could Happen Soon

Scott Matherson
Scott Matherson
1 month ago
3 mins read
Cardano

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Analysts have issued a fresh Cardano price prediction, projecting a 52% surge that could push its value back above $1.20. Despite experiencing significant volatility earlier in this market cycle, analysts remain optimistic about Cardano’s breakout potential. Recent chart patterns also reveal a setup of falling wedges followed by strong rallies—a formation that has historically preceded significant gains for ADA. 

Cardano Price Prepares For A 52% Rally 

Crypto analyst Javon Marks has released a new analysis on the Cardano price, highlighting a compelling technical setup that mirrors previous bullish breakouts. In his August 8 report on X social media, Marks’ analyst shared a chart displaying a series of falling wedge patterns, each followed by a significant upward price surge. 

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In past instances, these breakouts triggered powerful price rallies, with the latest formation suggesting a potential surge of more than 52% from current levels. This current falling wedge started taking shape in early 2025, with Cardano initially breaking above the upper boundary before pulling back and entering a consolidation phase—mirroring the pattern seen in past cycles. Now the cryptocurrency looks set for a potential breakout, and Marks forecasts that it could send Cardano’s value to levels not seen in over a year, targeting $1.2 or higher on the back of a projected 52% rally. 

Cardano
Source: Javon Marks on X

The analyst’s report also indicates that this projected rally could end up being a potential launchpad toward a much larger bullish cycle—one that could see the price of ADA extending toward the $2.9 region. Reaching this milestone would require Cardano to surge more than 261%, representing a remarkable upswing. 

Notably, the repeated pattern of wedge formation and breakout seen on the Cardano price chart reflects market behaviour in which consolidation phases are followed by aggressive buying pressure. Historically, ADA has responded to similar setups with sustained upward momentum, and the current chart structure suggests that market conditions may already be aligning for another explosive move. 

Cardano Community Sentiment Hits Record Highs

Beyond technical signals, Cardano’s growing community enthusiasm is providing additional fuel for a potential momentum boost. According to recent data, ADA now ranks second across the entire crypto sector for most bullish community sentiment. This surge in optimism reflects investors’ confidence in the altcoin’s long-term prospects, supported by its ongoing network developments and ecosystem growth.

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Historically, high market sentiment often translates into stronger price action as traders and long-term holders become more confident in a cryptocurrency’s potential to surge. If additional bullish catalysts align with Cardano’s growing community-driven sentiment, the cryptocurrency, which is currently priced at $0.8, could see its value soaring even further.

Presently, Cardano’s price is experiencing robust growth. CoinMarketCap’s data shows that the cryptocurrency has surged by nearly 30% over the past month and gained over 11% in the past week. However, despite this price increase, Cardano’s daily trading volume has dropped by approximately 31%, introducing some uncertainty into its market outlook.

Cardano
ADA trading at $0.8 on the 1D chart | Source: ADAUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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