Cardano Gains Momentum as Golden Cross and ETF Hopes Drive ADA Price Above $0.70

Cardano is steadily gaining upward traction as the Cardano price rally continues to unfold. ADA has climbed above $0.70, a major recovery milestone, following the formation of a Golden Cross on the 4-hour chart. With trading volume spiking and whales accumulating aggressively, optimism surrounds a potential move to $1. Investors are now watching resistance at $0.74 closely. If bulls manage to break through, the ADA price rally could push ADA toward $0.88. A surge in ETF speculation and increased ADA futures activity suggests this rally could gain momentum in the days ahead.

Golden Cross and Whale Accumulation Signal Strength

The emergence of a Golden Cross pattern has provided the Cardano price rally with a strong technical foundation. Trading above both the 50-period and 200-period simple moving averages indicates that bullish sentiment is growing. ADA whales, wallets holding 10 million to 100 million ADA, now control 35.5% of the total supply, up from 33% earlier this year. This whale accumulation signals confidence in the long-term trajectory of the Cardano market. Meanwhile, the probability of an ADA ETF approval has jumped to 51%, fueling hopes for institutional entry. With all these factors aligning, many investors are asking: Will Cardano rally further, or is a pullback inevitable?

ADA Market Activity Rises as Bulls Test Key Resistance

Trading activity around Cardano has spiked in recent sessions. Volume rose over 33% in the last 24 hours to $817.49 million, while open interest in ADA futures climbed to $796.15 million. This signals that investors are positioning themselves for a potential breakout. However, ADA faces strong resistance between $0.70 and $0.74. If Cardano breaks this zone, the ADA price rally could stretch toward $0.88. Otherwise, a rejection may lead to another retest of the ADA price support around $0.68.

Chart 1 – ADA/USD live price, published on TradingView, April 29, 2025.

In parallel, the Cardano market structure remains constructive. ADA continues to print higher highs and higher lows, and the Money Flow Index (MFI) sits at 55.33, indicating neutral-to-bullish strength. Traders are eyeing the upper Bollinger Band near $0.78 as a short-term upside trigger. A clean breakout above that level would reinforce the ongoing Cardano price rally and validate the Golden Cross signal. Conversely, failure to break resistance could expose ADA to a brief cooldown.

ETF Speculation Could Fuel Breakout or Correction?

One key catalyst for the Cardano price rally is growing speculation around a spot ADA ETF. Analysts believe that new SEC leadership could ease the approval path for crypto ETFs, boosting broader ADA market sentiment. Polymarket now places ADA ETF approval odds at 51% in 2025. This speculation adds fundamental strength to an already bullish technical setup. Still, the question remains: Will Cardano rally further? If ETF speculation fades or market sentiment weakens, ADA may dip back toward the $0.65–$0.68 support range, but the bulls remain in control for now.

What’s Next: Can Cardano Price Rally Sustain Momentum?

The ADA price rally hinges on breaking the resistance zone at $0.74. A successful breakout could open the door to $0.88 and $1. However, failure to overcome this level might push ADA back to test ADA price support at $0.68 or $0.65. With ADA whales buying and ETF approval chatter heating up, traders are preparing for more volatility. If bullish momentum holds and technical conditions remain favorable, the Cardano market could experience its strongest leg up since early 2024. Traders should closely watch volume and MFI signals in the coming days.

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