Cardano Price Approaches $0.95 Amid Altcoin Rally
Cardano (ADA) is approaching a price point of $0.95, drawing trader attention as it attempts to break key resistance levels. Recently, ADA has fluctuated between $0.92 and $0.95, with buyers supporting the price at $0.85, which acts as a strong base.
Key Points
- Whales accumulated 150 million ADA in two weeks.
- Cardano remains above critical support level, maintaining a stable outlook.
- A close above $0.95 could lead to targets of $1.00 and $1.05.
- Increased trading volume may boost Cardano's chances of reaching $1.
- Speculation about a potential ADA ETF approval by Grayscale adds market optimism.
Overall, if buyers sustain momentum, Cardano may see significant upward movement in the near future.