Cardano’s ADA has recovered strongly from its daily low of $0.80 and is currently pushing towards breakouts above the $0.90 resistance level. With momentum building, traders are focusing on the psychological $1 mark as their next major target.
At the same time, ADA’s ETF approval odds skyrocketed to a record 92%. If approved, such institutional products will open gates for large capital inflows.
Reliance adds ADA to finance
Momentum discovered another boost when Reliance Global Group said it had added the ADA to the Ministry of Digital Assets Treasury. The group announced the first purchase of the ADA as part of the Ministry of Digital Assets Treasury initiative.
$Ada Treasury announced by the public company Reliance Global Group (Reli)! pic.twitter.com/dawuiqmgdv
– St. Kess with Pride 🌈Spo & Drep (@stakewithpride) September 22, 2025
Publicly available insurance and financial services companies cited Cardano’s peer-reviewed scalable design, energy-efficient proof systems, and expanded real-world adoption as the main reason for adding ADA to finance.
Reliance said its crypto strategy is not opportunistic, but focuses on long-term value. The company previously acquired Ethereum and now adds Cardano to its portfolio, showing confidence in the foundations of the project.
Growth on the chain indicates stable use
Meanwhile, Cardano Mainnet has been growing optimistically, with over 114 million transactions, highlighting stable adoption even in uncertain market conditions.
Just In: Cardano $Ada surpasses 114 million transactions on MainNet. pic.twitter.com/gf2rybi7r0
– Taptools (@taptools) September 22, 2025
Related: Direct Democracy and Delegated Powers: The Real Battle in Cardano’s 50m ADA Plan
Cardano price analysis: resistance, breakouts, risk
ADA pushes long-term trendlines
Cardano’s weekly chart shows assets that push the upper limit of downward wedges that have been defining price litigation since 2021. Currently trading above $0.82, the ADA is testing its long-term downward trend line once again.
As volume rises, confirmed breakouts above $0.85 are likely to open the doors for driving towards $1.00, and if bullish momentum lasts, $1.50 stands out as the next important target.
Indicators leave room for running
Support indicators include narrowing the bollinger band, suggesting that volatility expansion is nearby, and weekly MACDs that are close to bullish crossovers. RSI of 57 notifies you of an even upside down room before overheating.
Still pullback risk on the table
However, if the ADA is rejected with resistance again, the risk of pullback remains. A return to the $0.35-$0.45 accumulation zone tests long-term support, but if there are many obstacles there, it could extend the multi-year downward trend.
Related: Cardano (ADA) price forecast for September 23rd
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