Cardano Price Prediction: Analysts See 30% Upside as SEC Case Nears Conclusion

Cardano (ADA) has outperformed many altcoins in June, rising 22% as the SEC case touches on broader crypto-regulation themes. Analysts from Santiment and Delphi Digital project another 30% gain toward $2.50 if favorable regulatory clarity emerges by Q3.

Legal Context

While the SEC’s case centers on Ethereum, Cardano’s decentralized governance model and proof-of-stake consensus have kept it outside the immediate scope. Market participants view a non-security designation for ETH as a positive signal for ADA.

Technical Indicators

ADA recently broke above its 100-day SMA at $1.90, with the MACD crossing bullishly. Trading volume surged 45% week-over-week, and RSI sits at 58, indicating healthy momentum.

Fundamental Drivers

Upcoming Vasil hard fork on June 20 promises performance upgrades, potentially boosting staking yields and dApp throughput. Additionally, IOG’s $100M ecosystem fund continues to attract developers.

Forecast

Based on on-chain activity, developer metrics, and favorable legal backdrop, forecasts place ADA at $2.50 by September, with a bullish case up to $3.00 if broader market conditions align.