TL;DR<\/strong><\/p>\n Cardano\u2019s ADA has been underperforming over the past two weeks, with its price dropping by 5% during that period to the current $0.77 (according to CoinGecko\u2019s data). Despite the downtrend, many market observers remain optimistic in their predictions.<\/span><\/p>\n Hardy, an X user with more than 70,000 followers, thinks ADA looks solid at its ongoing level. Furthermore, they argued that the asset\u2019s \u201cepic bull run\u201d has not yet started.<\/span><\/p>\n $ADA<\/a> looks solid here, hold above this purple box, we will continue higher.<\/p>\n If you\u2019re in SPOT currently, you\u2019re golden, the epic bull has not started for Cardano. pic.twitter.com\/iqMe1aOzu8<\/a><\/p>\n \u2014 Hardy (@Degen_Hardy) July 31, 2025<\/a><\/p>\n<\/blockquote>\n X Finance Bull <\/span>described<\/span><\/a> ADA as \u201cone of the <\/span>biggest<\/span> sleeper gains in crypto right now. The X user believes the valuation is poised to surpass $3, adding that a new all-time high is closer than some might think.\u00a0<\/span><\/p>\n Smith also <\/span>chipped in<\/span>, <\/span>spotting<\/span><\/a> the formation of a \u201cmonstrous cup and handle\u201d on ADA\u2019s price chart.<\/span> This<\/span> is a bullish pattern that signals the potential for a <\/span>major<\/span> rally. Smith believes the valuation could explode above $4 once it exceeds the breakout target of $0.92.\u00a0<\/span><\/p>\n Those interested in exploring additional price forecasts for Cardano\u2019s native token can refer to our previous dedicated article <\/span>here<\/span><\/a>.<\/span><\/p>\n According to CoinGlass\u2019s data, there has been a significant shift of ADA tokens from centralized exchanges toward self-custody methods in the past several months. <\/span>This<\/span> is considered<\/span> bullish since it reduces the immediate selling pressure. The potential launch of a spot ADA ETF can also positively impact the pric<\/span>e. <\/span>The leading digital asset manager, Grayscale, <\/span>displayed<\/span><\/a> its intentions to introduce such a product in the USA in February of this year. The decision is now in the hands of the US Securities and Exchange Commission (SEC).<\/span><\/p>\n Such an investment vehicle will give investors additional and simplified options to gain exposure to ADA. After all, buying a spot ETF is like purchasing regular stocks, all done via standard brokerage accounts. In the aftermath, Investors own shares, while the fund holds the actual cryptocurrency on their behalf.<\/span><\/p>\n According to Polymarket, the approval odds before the end of 2025 stand at 83%.<\/span><\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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Time for Another Pump?<\/h2>\n
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The Bullish Indicators<\/span><\/h2>\n
<\/span><\/p>\n![\"ADA](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ADA_CB-19.jpg\")
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