The Eve of Cardano's Explosion? 10x Potential + ETF Support, Aiming to Return to $1!
ADA has recently shown lackluster performance, consolidating in the range of $0.66 to $0.73, with trading volume also sluggish. But don't be fooled by appearances; such low volatility is often a precursor to significant market movements.
The big news is: Cardano is about to welcome the "Loas" upgrade, focusing on improving network speed and strengthening the DeFi + NFT ecosystem, which can be considered a qualitative leap! Even more compelling is that ADA has been included in national-level crypto reserves, and the launch of ETFs is in progress—institutions are quietly increasing their positions.
From a technical perspective, ADA is holding above the 50-day moving average ($0.673), with RSI remaining strong at high levels. In the short term, it is expected to challenge the $0.7 resistance and achieve a golden cross, further impacting the $1 mark.
However, MACD indicates that buying momentum is slightly weak, and bears may still exert pressure in the short term, suggesting continued range-bound fluctuations until trading volume increases, which would trigger a true breakout.
The chip accumulation for Cardano has basically been completed; the subsequent explosion is just a matter of time. We are optimistic about it becoming a dark horse in this round of market movement, so keep a close eye on this opportunity!
