Cardano Price Eyes $2.90 Rally on ETF Hopes; RTX Aims 500% Gains
Cardano price turned bullish after ADA price broke above the $0.79 resistance. This breakout completed a falling wedge pattern and set the stage for further gains. Analysts now set a near-term ADA target at $1.20 and a year-end goal around $2.90, reflecting past ADA cycles and growing ETF speculation. The upcoming Midnight upgrade is expected to boost DeFi activity on Cardano. SEC delays and Charles Hoskinson’s consultations fuel hopes for a spot ADA ETF. Meanwhile, Remittix (RTX) has raised $18.7 million and sold over 588 million tokens at $0.0922 during its presale. With a Q3 wallet beta offering a 40% bonus, RTX targets 500% gains in 2025 as a crypto-to-fiat bridge. Traders should monitor ADA price action, Cardano price outlook, ETF filings, upgrade timelines, and RTX adoption to gauge potential market shifts.
Bullish
Cardano’s breakout above $0.79 and falling wedge completion signal renewed bullish momentum, likely driving short-term price gains toward the $1.20 level. Longer-term, ETF speculation—reinforced by SEC delays and industry consultations—and the upcoming Midnight upgrade are expected to boost network activity and institutional interest, supporting ADA’s climb toward $2.90. These technical and fundamental drivers suggest sustained upward pressure on ADA, making this development decidedly bullish.