Technical analysis by MiguelFTCurado about Symbol ADA: Buy recommendation (8/15/2025)

Why Might ADA (Cardano) “Explode” in Price soon? 1. Major Upgrades & Governance Milestones In August 2025, the Cardano community passed a landmark $70 million (≈96 million ADA) proposal to fund pivotal upgrades—including Ouroboros Leios, Hydra, Mithril, and Project Acropolis—designed to significantly boost scalability, interoperability, and developer tooling These upgrades are expected to be rolled out over a 12-month roadmap—with milestone-based releases tightly monitored by stakeholders—making each major rollout a potential catalyst for ADA price jumps 2. Technical Breakouts & Chart Patterns Analysts recently identified a bull-flag breakout on ADA’s chart, suggesting a potential 100–150% rally toward $1.60–$1.75 if momentum continues Technical indicators (such as RSI and MACD) point to possible 46% gains if ADA breaks above key resistance levels or a push toward $0.90–$1.00 if the bullish trend extends 3. On-Chain & Institutional Activity Cardano’s ecosystem is showing strong on-chain momentum with daily transactions near 2.6 million, low average fees and growing developer confidence Institutional sentiment is increasing—Grayscale has allocated ~18.5% of its smart-contract fund to ADA, and ETF speculation is growing as regulatory clarity improves Long-term holders remain resolute—over 15 billion ADA hasn’t moved for more than a year, indicating low selling pressure, while retail buzz increases 4. Whale Activity & Real-World Utility A recent spike in "whale activity", including large ADA accumulation and a positive MVRV ratio (~22%), often precedes strong upward momentum Improved real-world integration—like native ADA tools for Apple platforms and potential Apple Pay compatibility—can enhance mainstream adoption and act as price triggers 5. Broader Market & Macro Sentiment ADA’s price tends to move with broader crypto sentiment. However, even amid market corrections, ADA has shown resilience and occasionally outperformed larger tokens—e.g., pumping while others crashed, driven largely by ETF buzz and technical setups Headlines and media sentiment—even speculative projections (e.g., targeting $10)—can fuel dramatic moves, though these should be viewed with caution. 6. Forbes Advisor’s Top 10 Cryptocurrencies (August 14, 2025) Cardano (ADA) BNB (BNB) Bitcoin (BTC) Polkadot (DOT) Ethereum (ETH) Litecoin (LTC) Solana (SOL)