Why is Cardano (ADA) Price Up?
🚀
ADA, the native token of Cardano, is on a relief rally amid the excitement over the first Bitcoin ETF listings in the US.
Key Drivers:
1️⃣ ADA breaks above crucial support at $0.52.
2️⃣ Boost follows Bitcoin ETF approval.
3️⃣ Crypto Yapper eyes a retest of overhead resistance.
4️⃣ Sebastian anticipates a bullish higher high targeting $1.
5️⃣ ADA maintains a core uptrend with solid support at $0.46, per altFINS.
📈 TradingView 📈
Cardano, closely tied to Bitcoin, benefits from increased enthusiasm in the digital asset space. Upside momentum pushes ADA towards $0.65; a break could negate recent bearish trends, opening doors to the $1 milestone.
Despite 2023's volatility, ADA capitalizes on this week's catalyst, reclaiming its position as a top altcoin after Ethereum. Positive momentum sustenance remains challenging, but ADA's strong technical posture indicates a potential rotation towards $0.65.
#ADA #cryptonews #cryptoleads #crypto