- Cardano could rally by 40% to hit $1 if Bitcoin surges to $100K, backed by strong technical patterns and ETF optimism.
- However, declining network activity and TVL present potential risks to sustained growth.
Bitcoin’s recent surge toward $95,000 has reignited optimism across the crypto market — and altcoins like Cardano (ADA) are riding the wave. Analysts are now eyeing the psychological $100K level for BTC, a move that could spark a broader altcoin rally. Historically, Cardano tends to follow Bitcoin’s lead during bullish phases, and current technicals suggest another major move could be on the horizon.
Bitcoin has avoided a bearish death cross and remains above its 50-day and 200-day EMAs. It also confirmed a bullish double-bottom pattern with a neckline at $88,760. Add to that the influx of over $3 billion from institutional investors and continued buying from heavyweights like Michael Saylor, and it’s clear: a $100K breakout isn’t out of reach.
Cardano Price Outlook: Will ADA Rally 40%?
Cardano has gained over 37% this month, trading at $0.70 after bouncing off a low of $0.518. Technical indicators are bullish — the coin is above its 50-day moving average and has formed a bullish flag, typically a precursor to further gains. It’s also holding firm above the 61.8% Fibonacci retracement level at $0.681.
If Bitcoin does hit $100K, analysts believe ADA could retest the $1 mark — a 40% rally from current levels. The double-bottom pattern formed by ADA also supports this scenario, with a neckline target near $1.173.
More Than Just Bitcoin: Catalysts Driving ADA
Beyond Bitcoin, Cardano’s future is tied to several promising developments:
- Bitcoin staking integration using zero-knowledge proofs — a safer alternative to centralized platforms.
- Rising ETF optimism, with a 70% chance of a spot Cardano ETF approval.
- Potential for staking-enabled ETFs, which could drive institutional demand and offer monthly returns.
However, not all is rosy. ADA’s ecosystem is showing signs of slowdown — with stablecoin volume down to $30.2 million and total value locked (TVL) halved from $800M to $393M.
If Bitcoin breaks above $100K, Cardano could realistically rally 40% — powered by both technical momentum and strategic upgrades. But investors should watch on-chain fundamentals closely as ADA’s long-term strength depends on more than just Bitcoin’s trajectory.
