The Cardano ADA cryptocurrency is up 25% in the last week as the crypto market rides a bullish wave. With Bitcoin (BTC) back above $119,000, many top crypto coins are climbing in value, with ADA the latest. Cardano’s trading volume is already up over 90% in the last 24 hours, opening this week with many traders moving the asset. As a result of the climb over the past week, many ADA analysts are hiking up their price predictions, looking at targets of $4, $8, and even $12.

Indeed, ADA price forecasters are citing key patterns on Cardano’s price chart that signal bullish momentum will continue. According to analysts, a short-term golden cross has formed in early July between the 20-day and 50-day exponential moving averages (EMA). As a result, ADA’s price is nearing a more influential long-term golden cross. Additionally, the coin’s 50-day EMA is preparing to cross above the 200-day EMA. This type of pattern typically supports a bullish trend incoming, which is driving investors to flock to ADA and buy in anticipation of a surge.

According to crypto analyst Dan Gambardello, a known Cardano supporter, ADA could be setting the stage for an explosive climb. In his recent post on X, he explained that under specific conditions, like ETF approvals from major asset managers (AUMs), Bitcoin reaching $250,000, and Cardano’s market dominance hitting 4.5%, meeting all checks, the ADA price could reach as high as $12.86.

Also Read: Cardano Chain Hits 37M Blockchain.com Users, Hoskinson Cheers

Furthermore, current sentiment around the crypto market as a whole is fueling ADA’s price surge. Analysts now forecast 75% odds for a spot ADA ETF to be approved in 2025 after ProShares’ XRP ETF approval. Per CoinCodex, Cardano is eyeing a new price target of $0.90 by July’s end. The token may surge and hit $1 by August 2025. If that timeline accelerates and ADA reaches $1 before July ends, it could further support the bullish price predictions that analysts are painting.

At press time, ADA is trading at $0.90. Its 56% climb in the past month is among the top-30 gainers on the entire crypto market.

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