Cardano: Will the New ETF Accelerate Price Growth? Analysis for July 1, 2025

Cardano trades at $0.564 on July 1, 2025, with a potential ETF boosting bullish momentum.

Cardano (ADA), a leading layer-1 blockchain, is trading at approximately $0.564 on July 1, 2025, reflecting a 1.6% increase over the past 24 hours. Recent news about a potential Cardano ETF in the U.S., with a 74–90% chance of approval by the end of 2025, has captured investor attention. Technical and fundamental analysis suggests bullish potential, though challenges may hinder sustained growth. From a technical perspective, ADA is consolidating between $0.55 and $0.65. Key resistance lies at $0.65 to $0.70, and breaking this could drive the price toward $1 or even $2.05, as some analysts predict for 2025. Critical support is at $0.53 to $0.55, which has held firm multiple times in 2025. A symmetrical triangle pattern on daily charts and rising trading volume (up to $988 million in 24 hours) indicate bullish momentum. However, the MACD indicator suggests weakening momentum, and a short-term correction to $0.47 is possible. Fundamental factors are also significant. The Plomin hardfork in Q1 2025, which introduced full decentralized governance, has bolstered investor confidence. Integration with the Brave browser, with over 60 million users, has increased on-chain activity and expanded ADA’s real-world use in decentralized and privacy-focused applications. Additionally, the conversion of $100 million from the ADA treasury into Bitcoin and stablecoins to boost DeFi liquidity highlights network innovation. However, Cardano’s total value locked (TVL) at $250 million, compared to Ethereum’s $60 billion, indicates challenges in attracting developers. Institutional adoption of Cardano is growing. Rising interest in futures contracts on the Chicago Mercantile Exchange and increased ADA/JPY trading in Japan signal global expansion. However, competition from newer blockchains like Mutuum Finance and macroeconomic factors, such as Federal Reserve policies, could impact the market. ADA’s correlation with Bitcoin is noteworthy; a breakout above the ADA/BTC ratio of 0.000008 could drive demand. With an anticipated altcoin season in late 2025, Cardano could benefit significantly. Investors should monitor key levels and use reputable exchanges like Binance and Coinbase for trading. Thorough analysis and risk management are critical in this volatile market.