Attention, cryptocurrency lovers! It seems that Cardano (ADA) is showing signs of life and could be about to take off. Imagine that the price of ADA, which was kind of dormant, is suddenly moving near a key point that, according to experts, can only mean one thing: an increase!
An indicator called Bollinger Bands (which is like a market thermometer) is telling us that ADA is at the lower end of its range, and that, my friends, is a bullish signal! It's like when a ball drops to the floor and only has to bounce back up. If the bulls take control, Cardano could fly!
In fact, experts believe that ADA could bounce back and reach a price between $0.67 and $0.70. Can you imagine? For this to happen, people need to start buying like crazy again! And speaking of buying, recently the 'whales' of Cardano (the giant investors) bought more than 120 million ADA in just two days, as if they knew something we didn't! Although they are a bit quiet now, they need to get active again for the momentum to continue.
Additionally, there is other super good news: Kraken OTC (a giant exchange platform) now allows trading with ADA, which means more visibility and more people buying. And hold on!, Bloomberg analysts say there is a 75% chance that the SEC (the financial police of the U.S.) will approve a Cardano ETF. This is big news that could put the ADA community in party mode and make the price soar!
So, if you have ADA or are thinking about investing, this is the time to keep an eye on it! Will Cardano reach that $0.67 and more?
