Cardano Price Could Hit $2.90 Amid U.S. Crypto Order
Cardano price has climbed recently due to repeating past technical patterns. One analyst forecasts the price could rise to $2.90 if these patterns recur. In addition, former President Trump’s executive order aims to boost digital asset adoption in the U.S. This development has fueled hopes for a Cardano-based spot ETF, pushing market expectations higher. Traders are monitoring both on-chain indicators and regulatory updates closely. However, experts warn that crypto markets remain highly volatile and advise caution.
Bullish
Trump’s executive order to support digital assets and an analyst’s technical projection have combined to create bullish momentum for Cardano price. Historically, regulatory endorsements often drive crypto markets higher, as seen with earlier Bitcoin ETF approvals. In the short term, traders may respond to positive news flow and technical bounce signals by increasing long positions. Over the longer term, successful ETF listing and sustained regulatory clarity could underpin further adoption and price growth. However, inherent market volatility means caution is warranted, as sudden reversals remain possible.