ADA Price Fit Jump 40% After $0.88 Break, ETF Odds De 87%
Cardano ADA price don fall like more than 10% for two weeks but e fit jump 40% if e fit break resistance for $0.88. Analysts like Ali Martinez dey expect say ADA price go reach $1.20 if e breakout, and LSTRADER dey see target pass $1 if support hold for $0.82-$0.83. Dan Gambardello criticism of Cardano Foundation no gree kill the bullish vibe. One big catalyst na Grayscale updated S-1 filing for spot ADA ETF, wey boost approval chance to 87% before year end. Better ETF approval chance plus technical breakout fit make traders prepare for strong ADA price rally short term.
Bullish
Grayscale S-1 filing update and 87% chance of spot ADA ETF approval dey give Cardano fundamental catalyst, e dey mirror price surge wey dey happen for other tokens after dem approve ETF. Plus technical indicators show say e fit break above $0.88, all these factors dey support bullish outlook. Traders dey usually increase position before dem approve ETF, e dey push buying pressure. Historically, similar ETF developments don cause big rally for crypto markets, e mean say short-term gains dey as traders dey push ADA price up and long-term strength fit show if ETF really happen.