Cardano price is gaining today alongside the broader crypto market. An analyst now says that the price might reach $2.90 because it is repeating past price fractals. Besides, President Trump has signed an executive order boosting the adoption of crypto in the US. As a result, the odds of a spot ADA ETF getting the green light have surged.
Cardano Price Fractal Signals Rally to $2.90
Cardano seems to be following a clear structure that was established in 2023. In the last two years, the price movements have been the same. Now, this fractal is repeating, with analyst Javon Marks saying it might push the ADA price to $2.90.
The fractal in question is a falling wedge followed by an uptrend. The first time ADA created a falling wedge was in 2023. Afterwards, a massive rally broke out. This happened again in late 2024 when the price moved from $0.33 to $1.24 in under a month.
In July, Cardano gained by more than 58% during the month. Because of this rally, the token also broke out from its setup. Marks opines that this breakout could be what causes the next rally for this token. He opines that once this pattern begins to play out, the first stop for the Cardano price will be $1.20. After here, ADA might reach $2.90, and this is a target that will be achieved with a 261% surge in value.
The analyst’s projection comes when bullish sentiments towards Cardano are rising. Earlier, CoinGape reported that Cardano might reach $5 due to the potential growth of DeFi after the SEC clarified its stance towards liquid staking.
For a long-term Cardano price forecast from 2025 to 2030, more gains might be imminent.
ADA ETF Approval Odds Surge Amid Trump’s Pro-Crypto Order
There are higher chances that the SEC is going to approve a spot Cardano ETF. Data from Polymarket shows that these odds have increased to more than 71%. Earlier this week, these odds had tumbled to 59%.
What this means is that many are now bullish that the US securities regulator is going to greenlight the products. The newly found optimism could be because of the recent executive order signed by President Trump. As CoinGape reported, Trump plans to integrate crypto into US 401 (k) retirement plans.
This signing has been bullish for cryptos made in the US, and the Cardano price is not being left behind. Besides, with the order showing that Trump is still backing crypto, there are even higher chances that an ADA ETF will come to light.
To sum up, the Cardano price is gaining today, and this is because of Trump paving the way for crypto into a $9 trillion industry. This has also increased the chances that an ADA ETF is going to be approved. Because of this, getting to $2.90 might be possible for Cardano.
Frequently Asked Questions (FAQs)
Cardano price is gaining today because of gains across the market, fueled by Trump’s pro-crypto approach.
The ADA price can rally to $2.90 if it continues to follow a bullish fractal outlined by an analyst.
The SEC might approve a spot ADA ETF, and this is most likely the case if President Trump continues to champion the US crypto industry.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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