Analyst Predicts Breakout to $1.50 Amid Grayscale ETF Speculation
The post Analyst Predicts Breakout to $1.50 Amid Grayscale ETF Speculation appeared on BitcoinEthereumNews.com.
Cardano price is trading at $0.98 today, August 14, with a 16% jump in the past 24 hours. This rally has increased the bullish mood as traders are looking forward to a possible breakout to higher targets. This is being supported by the reinforcing technical indicators and favorable market triggers. Meanwhile, an analyst is forecasting a rally to $1.50 for Cardano. Bullish Chart Patterns Signal Breakout Potential for Cardano Price According to market analyst Ali, Cardano is in a breakout, and his target stands at $1.50, supported by a clear upward projection on his chart. In a recent X post, he points out ADA climbing toward mid-range resistance near $0.94 within a wide channel, which is a precondition to additional growth. The outlook indicates that after the ADA price gained traction above $0.94, it is likely to gain momentum rapidly towards the $1.20 mark and even to the $1.50 mark. This view aligns with a bullish trendline structure that has been developing since late July. Therefore, traders are closely watching the confirmation signs in the short run to make this anticipated breakout position real. ADA/USDT 12-Hour Chart (Source: X/Ali) The daily chart reinforces a bullish perspective through an inverse head-and-shoulders formation. The neckline at 0.94 is the big breakout area that could open up the path to 1.20. The RSI is hovering near 65, indicating strong momentum without flashing overbought warnings. But failure to break this neckline may result in a consolidation between $0.85 and $0.94. Thus, the market players are considering the possible entry points with a balance between risk and opportunity. This setup supports the overall bull Cardano price forecast 2025 and hopes that the rally will not end. ADA/USDT 1-Day Chart (Source: TradingView) Grayscale Sparks ETF Buzz And Market Excitement Speculations concerning a possible Cardano ETF approval…
Filed under: News - @ August 14, 2025 7:26 am