๐ADA ETF Odds Hit 90% โ Will This Trigger a Cardano Comeback? ๐ฅ
๐ Cardano (ADA) just got a bullish boost as **Bloomberg analysts raised the odds of a Cardano Spot ETF approval to 90% by 2025! But is that enough to flip the charts in ADAโs favor? Letโs dive in! ๐
๐ Current Snapshot:
โข ๐ฐ Price Range: $0.50 โ $0.56
โข ๐ง Market Sentiment: Cautiously optimistic
โข ๐งโ๐ผ Institutional Interest: Growing with ETF speculations
๐ Technical Breakdown:
โข โ Price still below Ichimoku Cloud โ bearish pressure remains
โข ๐ด Major resistance at $0.70 โ key for bullish breakout
โข ๐ข First weekly green candle after 6 weeks of red โ early momentum shift?
โข ๐ก๏ธ Strong support zone at $0.48โ$0.50 โ crucial for holding current range
๐ฏ Trade Setup to Watch:
๐นIf ADA breaks above $0.60 with volume, eyes will be on a push to $0.70+.
But a drop below $0.48 could reopen the door to deeper downside risk. Set alerts! ๐จ
๐ก ETF Hype vs. Reality: While ETF talks are heating up, price action remains cautious. ADA needs a solid technical confirmation before a real rally kicks in.
๐ฅ Are you bullish on an ADA breakout with the ETF hype? Or just another fake out? Drop your thoughts ๐๐ฌ
