$ADA is holding firm around $0.67, down 3.5% in the past 24 hours, but the story goes deeper. Despite recent market volatility, Cardano is showing resilience with strong support at $0.63โ$0.68 and resistance levels at $0.73, $0.76, and $0.80. Technicals suggest ADA might be oversold, hinting at a possible bounce.
๐ Institutional Interest Grows
Over $70 million in institutional capital has recently flowed into ADAโsignaling renewed confidence. Thereโs also growing chatter around a potential Cardano ETF, which could open the floodgates for traditional investors.
๐ฃ๏ธ Trump Reserve Rumor
In a surprising twist, rumors are swirling that Donald Trump suggested the U.S. build a strategic reserve of ADA. While unverified, it's generating major buzz.
๐ฎ Outlook
Analysts see ADA trading between $0.70โ$0.90 this month if bullish momentum returns. ETF news or more institutional inflows could push it higher.
โ Bottom Line
ADAโs short-term dip doesnโt reflect its long-term potential. With rising institutional interest and big headlines, Cardano remains one to watch.
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