ADA Rally Ignites: Here’s Why Analysts are Targeting $2 This Quarter
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- ADA trades near $0.88, up 5%, with market cap surpassing $30 billion and volume rising 95%.
- Upcoming catalysts include a potential Cardano ETF, the U.S. Clarity Act, and privacy project “Midnight” developments.
- Support lies between $0.58–$0.69, resistance at $0.88–$0.99, with potential upside to $1.47–$2.47.
The cryptocurrency market showed signs of recovery today, with top tokens flashing green and overall capitalization climbing back to $3.9 trillion. Bitcoin traded above $112,000, Ethereum held steady at $4,340, and XRP advanced past $2.90. But the focus has shifted to Cardano, which has broken out of a recent downtrend.
Related: Key Crypto Events to Watch This Week, from Airdrops to Upgrades
Reasons why focus has shifted to Cardano (ADA)
ADA, is trading near $0.88, up nearly 5% in the last 24 hours. The move pushed its market capitalization back above $30 billion, while trading volume surged 95% to surpass $1 billion. ADA is retesting support levels and could be preparing to push toward the $1 mark, a level not seen in months.
What Are Analysts Saying About Cardano?
Top analysts say that ADA’s performance in the coming quarter coul…
The post ADA Rally Ignites: Here’s Why Analysts are Targeting $2 This Quarter appeared first on Coin Edition.
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