Cardano ADA’s price has slipped as much as 20% in the past month, prompting analysts to search for a rebound spark. At press time, the price of the coin sits in the $0.64 range, with trading volume dipping this past week. Looking to reclaim $0.70 and beyond, what could spark a rebound for the ADA coin? Analysts point to numerous factors, all of which could catalyze Cardano to 2025 highs in the next two months.
Crypto bulls argue that steady throughput progress and clean macro conditions could reopen that path if demand holds. Stronger spot volume, firmer closes above short-term highs, and a sequence of higher lows could all help ADA rebound in value. Additionally, the whale movements around the Cardano coin earlier this month could also spark a rally. Per a recent post by Taptools, ADA whales have accumulated nearly 140M tokens in mid-October.
Furthermore, if the market retains interest near $0.64, traders expect conditions to stabilize and compress before any directional move. Analysts note how liquidity clustered near round numbers. That behavior sometimes increased activity around well-watched zones like $0.64. Per X trader Ali_Charts, the recent dip to $0.57 hiked up trading volume as investors bought the slip, helping ADA rebound.
On the institutional side, the ProShares Trust Index ETF added ADA. The addition placed ADA inside a product that some traditional investors tracked. Should the first Cardano ADA ETF get approved by the US SEC for trading, more institutional interest in the coin will come, sending prices even higher. At the same time, Cardano is working towards expanding its ecosystem, busy exploring new offerings such as Leios and Midnight to gain traction in the space.