Forecast for Cardano's (ADA) Cryptocurrency Value on August 10
Cardano (ADA) and Ethereum (ETH) are two of the most prominent cryptocurrencies in the market, each with its unique price dynamics.
Cardano (ADA)
In the short term, Cardano is exhibiting a bullish trend. The digital asset is currently rebounding from around the $0.85 resistance and is approaching the $1.00 mark. Analysts predict a potential break higher towards $1.20 and even $1.50 if the momentum continues [3].
Strong bullish technical signals, such as a golden cross between the 50-day and 200-day moving averages, rising whale accumulation, and increasing volumes, are likely to trigger a sustained run [1][3]. In the midterm (next few months to end of 2025), price predictions vary from a conservative $0.90–$1.10 range to more optimistic targets of $1.50 by August 2025 and possibly $3 by the end of the year [2][4][5]. These predictions are supported by ongoing network upgrades (Chang Hard Fork, Hydra scaling) and growing DeFi activity.
At press time, Cardano is trading at $0.7933. If a bounce back does not happen by the end of the day, the correction of Cardano is likely to continue towards the $0.78 mark.
Ethereum (ETH)
Ethereum, on the other hand, is holding steady in the $0.76-$0.78 range. Institutional demand is gaining attention and could potentially fuel an optimistic move, pushing prices towards the $5,000 level [3]. Ethereum retains its strong position as the leading smart contract platform, so prospects remain positive, though precise weekly forecasts are less detailed in the current data.
The focus for Ethereum in the midterm is on the weekly candle, while for Cardano, the focus remains on the hourly chart.
Summary
In the short term, Cardano is poised for a potential breakout, with technical and fundamental factors supporting a bullish outlook. Ethereum, meanwhile, continues to benefit from strong institutional interest, with $5,000 cited as a price target in the near term due to positive demand trends. In the midterm, both cryptocurrencies are expected to maintain their positions, with Cardano targeting $1.50 in August and potentially $3 by the end of the year, and Ethereum maintaining its smart contract dominance.
At the time of writing, Cardano (ADA) is trading at $0.7933, and Ethereum (ETH) is around $0.76-$0.78.
Crypto traders might be interested in the ongoing bullish trend of Cardano (ADA), as analysts predict a potential price increase towards $1.20 or even $1.50 in the short term, driven by strong technical signals and ongoing network upgrades. The price prediction for Ethereum (ETH) also looks optimistic, with institutional demand potentially pushing prices towards $5,000 in the near term, due to positive demand trends.
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