Cardano Price Prediction: ETF Hype Dey Push ADA Go Reach $1.50
Cardano price prediction dey show say ADA dey get new bullish momentum as Grayscale proposal for Cardano Spot ETF don make big institution dem dey interested. ADA jump 13.4% to $0.8787, near the key resistance zone wey be $0.88–$0.90, chart pattern show say higher lows dey since middle July. If breakout confirm, ADA fit run reach $1.50 target, as market sentiment dey rise and speculative ETF talk dey push am. On-chain metrics support this: MVRV Z-score climb reach 0.445, mean profit dey increase without mass sell-off, Stock-to-Flow ratio show supply dey tighten. Sentiment analysis from Santiment peak at 1.495, show say bullish confidence dey grow. Meanwhile, liquidation data from CoinGlass show say shorts absorb over $832K loss in one day, e fit lead to short squeeze wey fit boost price up. Traders suppose dey watch regulatory updates and follow-up buying to confirm breakout. Short-term volatility fit still dey but the combination of bullish technicals, ETF speculation, and limited selling pressure dey back positive outlook for ADA. For this Cardano price prediction, steady rally depend on ongoing demand and good regulatory news.
Bullish
Dis news na tin categorise as bullish becos plenty factors dey converge wey dey show say ADA get upward pressure. Grayscale application for Cardano Spot ETF na similar to past ETF speculations—like the ones for Bitcoin—which historically dey trigger big rallies when institutional demand rise. On-chain metrics like the rising MVRV Z-score and high Stock-to-Flow ratio dey show limited selling pressure, meaning scarcity dey. Positive sentiment levels and correct short squeeze—proof na $832K short liquidations—dem dey increase buying momentum. Short term, ETF buzz and technical breakouts fit cause volatility and spikes as traders dey chase resistance levels. Long term, steady institutional interest and supply constraints fit support long uptrend, helping ADA target $1.50. Traders suppose dey watch regulatory updates and volume confirmation to manage risk and take advantage of the bullish environment.