Key Highlights:
- Cardano hit $1 mark today, August 14, 2025 for a brief period of time.
- Grayscale ADA spot ETF filing has managed to gather a significant attention from the big institutional players.
- Analysts believe Cardano price can move past $1.5 soon.
Cardano price soars 5% in the past 24 hours to trade at $0.9262. On August 14, 2025, ADA perched at the $1 level for a moment before it pulled back again. This development has sent a wave of optimism within the crypto community.
CoinMarketCap says Cardano price is up 5.06% on the day entirely, and investors are waiting for a solid break above $1. This upward trend is largely driven by the rising excitement about the news surrounding a prospective ADA-spot Exchange Traded Fund (ETF), in addition to overall favorable technical indicators and institutional investors’ belief.
Grayscale’s Push for an ADA ETF Boosts Investor Sentiment
Overall, the main reason for this rise in Cardano price is because Grayscale officially filed the Grayscale Cardano Trust ETF in Delaware yesterday August 13, 2025, to lay the groundwork for a future application with the SEC. It is worth noting that the establishment of the trust indicates that Grayscale is taking an organized approach to an ADA spot ETF.
With this approach, investors may have much more access to ADA without the trouble of holding the cryptocurrency directly. Then again, Chart by Ali of ali_charts suggests that Cardano price might increase to as high as $1.5, underpinned by a few bullish signs. As seen in the chart below, Cardano price is rupturing via a long-standing bearish trendline. This is typically seen as the first stage from where the price of the toke shifts from bearish to bullish. The ascent has been justified by an irradiating template in the charts, either an ascending channel or a pennant.
Breaking Out -Forecaster Ali X user
Previously, the $0.84 to $0.86 zone that came up above seemed to be a solid resistance but it now looks like a support. This move marks a key technical level and allows for ADA to make its way towards the $1 level and break beyond it.
X user Ali forecasts a breakoutTarget is around $1.50, although that can be determined if you look at the scale of the breakout point. This target also corresponds to the top of the current trend channel, which offers further confluence. The strong message market momentum is sending supports this bullish view. To be specific, Grayscale filing for ADA spot exchange- traded fund (ETF) has managed to gather a huge amount of attention from big institutional players.
Meanwhile, the broader bias in the crypto segment also continued to provide strength for the rally. Whereas, one of the most recognised names in crypto space Crypto Jebb on X (formerly known as Twitter) suggested that Cardano Price might jump first to $2 and then even to $10. Since the token was able to hit the $ 1 mark today, the influencer, along with this and other technical indicators, thinks that it is set to soar higher in a few months. According to his forecast, Cardano price may be headed to $10.
Will Cardano’s Price Hit $1.50 Over the Weekend?
The token is fundamentally sound, and a bullish technical outlook coupled with the same optimism could allow the price to eventually break through $1.50 or more. If the token can manage to hit the $1.5 is not clear and it will all depend on the market dynamics and sentiments that follow on that particular day.
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