Cardano News Today: ADA Price Prediction Targets $1 as Metrics Remain Strong

ADA Price Holds Despite Market Pressures

Cardano’s ADA price has recently navigated a volatile stretch, dipping as low as $0.71, but maintaining key technical levels. While broader market factors such as global trade tensions and Bitcoin’s sharp moves have impacted overall sentiment, ADA price prediction models continue to suggest a strong breakout setup.

ADA/USD chart holding above support level - TradingView

In the past week, ADA held its ground even as major liquidations rocked the crypto market. Over $500 million in long positions were wiped out, yet Cardano’s trading volume surged to $567.73 million, reflecting sustained investor interest.

The current market cap of ADA sits at $26.02 billion, ranking it #9 among cryptocurrencies, with 35.33 billion ADA in circulation.

Cardano's On-Chain Strength: Staking and Treasury Resilience

Recent Cardano news highlights the platform’s enduring fundamentals despite price turbulence. According to Messari’s Q1 2025 report, the total staked ADA remains stable at 21.6 billion ADA, showing only a minor 1% decrease from the previous quarter.

The Cardano treasury, which plays a vital role in future development funding, has also increased by 5%, reaching 1.7 billion ADA. However, due to ADA’s price decline, its USD value dropped by 19% to approximately $1.1 billion.

Additionally, the Cardano stablecoin market grew by 30%, now valued at $30.1 million. This growth was led by increased adoption of fiat-backed tokens like USDM, USDA, and IUSD, indicating a maturing DeFi ecosystem on Cardano.

Governance Upgrade and Community-Led Future

Cardano’s governance also reached a significant milestone with the Plomin upgrade through CIP-1694, which onboarded 1,220 decentralized representatives (DReps). This shift marks a new era of community-driven treasury management, with 20% of transaction fees now directed to the treasury under democratic control.

As Cardano continues to evolve, new developments such as the Ouroboros Leios protocol—designed for faster block finality—and the Midnight sidechain with ZK-proof privacy features position the platform for future growth.

ADA Price Prediction: Can Cardano Hit $1?

From a technical standpoint, ADA has been consolidating within a falling channel, forming a strong base. After dropping to the $0.50 range in April, ADA rebounded to $0.85 in May, suggesting increasing bullish strength.

ADA/USD 2-hours chart - TradingView

Analysts note that ADA’s current structure resembles a coiling pattern, with repeated accumulation and breakout phases. This extended consolidation is viewed as a healthier setup compared to prior parabolic cycles.

As long as ADA holds above key exponential moving averages (EMAs), a push toward $1.00 remains on the table. If the token reclaims and sustains above $0.75, a move toward $0.86, and eventually $1.01, could follow—provided market conditions align.