Cardano price is on the rise after REX Shares and Osprey Funds announced the inclusion of ADA in their top 10 digital assets fund.
Based on an application filed with the United States Securities and Exchange Commission (SEC), the proposed spot trading fund will include staking products, as well as spot price tracking, meaning investors will be able to reap gains by staking their assets and Cardano’s market performance.
The positive optimism resulting from the inclusion in the fund – in addition to the recent reduction in interest rates by 25 basis points by the US Federal Reserve – has raised new hopes for a significant increase in the last quarter.
Analysts expect Cardano price to rise to $1.50 in Q4
Many analysts believe that Cardano price could more than double in this quarter to reach the $1.50 level, which was last recorded in 2022, and digital currency analyst Ali Martinez reveals that to achieve this, Cardano price must break the $0.80 barrier to move higher.
This is supported by the general mood of the Cardano community on the CoinMarketCap platform, which reached its highest levels this month, as around 91% of community members expressed optimism that the price will reach its highest levels in several months.
It is worth noting that during the recent bull run, Cardano’s value rose sharply from around $0.05 in early 2020 to $3.10 in September 2021.
Now that the market is recovering again, predictions from many Cardano price analysts indicate that a similar scenario will repeat itself in the last quarter of this year and into early 2026.
Cardano Price Forecast: Targeting a Trendline Breakout at $0.80
Technical analysis of Cardano price on the weekly chart shows relative stability near the $0.65 level after a phase of price correction from its recent highest levels, while the price is still in a generally bearish structure, with clear signs of buying and liquidity movement to lower levels.
The main support zone lies between $0.50 and $0.55, which is an important buying and consolidation zone, indicating a possible rebound higher if the price returns to this level.
The chart also shows the presence of price zones that have not seen any trading, leaving behind gaps in fair value, in addition to reversal zones that the price has partially started to test again in recent weeks, reflecting a process of gradual rebalancing of the market after periods of strong fluctuations.
If Cardano maintains its price structure, a breakout of the downtrend line could lead to a strong rise towards $1.02, and perhaps $1.40 in the next big bullish wave.
On the other hand, a continued decline below the $0.50 level will negate this bullish scenario and could indicate a continuation of the decline.
Bitcoin Hyper-HYPER aims to combine the security of the Bitcoin blockchain with the speed of the Solana blockchain, and its subscription exceeds $25 million.
Cardano’s return to the spotlight has brought investors’ attention back to projects based on practical uses, like Bitcoin Hyper, which seeks to offer something different from many IPO projects based solely on hype. The project caught the attention of investors by raising over $25 million in its IPO and continues to grow to this day.
The Bitcoin Hyper project proposes a second-layer network based on the Bitcoin blockchain and aims to make transactions faster, cheaper and easier to implement. To do this, the project uses two main technologies: the Solana Virtual Machine (SVM) and the Link Bridge.
It is worth noting here that large amounts of Bitcoin Hyper were sold at the start of the IPO, with investors purchasing over 700 million HYPER coins over the past few months, and the currency’s price is $0.013195 at the current IPO stage. Investors looking for projects with solid foundations can buy Bitcoin Hyper on the official website to subscribe and pay with famous digital currencies such as Tether-USDT, Solana-SOL and Binance-BNB, or by Visa and MasterCard.
The post Cardano Price Prediction (Cardano-ADA): The currency’s inclusion in the REX-Osprey fund for top 10 digital assets could pave the way for a 120% rise towards $1.50 appeared first on Cryptonews Arabic.