- Cardano is trading at $0.82 but could surge past $4, with $7–$8 also possible, says a popular crypto analyst.
- ADA just broke out of consolidation and hasn’t yet reached previous highs, signaling it’s still early in the rally.
Cardano (ADA) is currently trading at about $0.82, up 2.21% over the last 24 hours and 46.54% over the last 30 days. However, according to popular crypto analyst Master Ananda, this price is considered “still very cheap” considering ADA’s potential in the current bull market cycle. He even believes that ADA’s price could easily surpass $4, then climb to $7 or $8.
Early Signs Point to a Bigger ADA Breakout Ahead
According to the analyst, Cardano’s major move occurred in late 2024, specifically between November and December. Afterward, the price tended to move sideways and failed to break through the December peak or the March 2025 high. But herein lies the key: he sees Cardano as still in the early stages of a longer uptrend.
The current situation also indicates that ADA has just emerged from a sideways pattern, accompanied by a mild correction after a 13-day rally since July 8th. There has only been one red day in the last three days. Even that isn’t a sign of weakness—more like a short breather before a long run.
And considering the performance of other major coins like Bitcoin, Ethereum, and XRP, which have already set or are approaching new records, there’s strong reason to believe Cardano’s turn is just around the corner.
Behind the Scenes, Cardano Activity Tells a Bullish Story
On the other hand, the latest data from CoinGlass shows interesting dynamics in the ADA derivatives market. Daily derivatives trading volume plummeted by 50.83%, leaving only around $2.16 billion. This means many short-term traders are starting to step aside. But oddly, open interest actually rose 2.57% to $1.47 billion.
So, despite the decline in volume, open positions continued to grow. Many are choosing to hold onto their positions. Perhaps they also believe it’s not time to exit yet.
Furthermore, options volume for ADA has virtually disappeared from the radar—down 92.94% to just $6,590. What it means? The market isn’t interested in playing with complex options channels. The primary focus seems to be shifting toward futures and perpetual contracts, which more quickly reflect short- to medium-term price movements.
Not only that, Cardano hasn’t been sitting idle on the technology front either. The CNF previously reported that the Cardano Foundation recently launched Tool Compass, a tool that accelerates the development process on the Cardano blockchain. This Compass automatically matches tools to project needs, eliminating the need for manual search. This tool is believed to accelerate developer integration into the ecosystem.
Looking at network activity, Cardano also saw a significant spike in early July. Over 111 million network interactions were recorded, including over 138,000 Plutus scripts and nearly 8,000 Aiken scripts activated. These numbers are no small feat—they indicate developers are starting to become active again and the ecosystem is being polished from the inside out.
