$ADA : Is it officially approaching 1 dollar?🔥
📰 In an unexpected surprise, Cardano (ADA) rose by 6.52% in the last 24 hours, reaching 0.97 US dollars. Is this the beginning of a new rise?
💰 ADA recorded an increase of 6.52% in the last 24 hours, reaching 0.98 US dollars. The trading volume reached 2.22 billion dollars, with a market value exceeding 34.93 billion dollars. The currency is nearing a test of the resistance level of 1.00 dollars, raising questions about its ability to break through this barrier.
📊 Technical indicators suggest strong bullish momentum. ADA has maintained support levels at 0.90 dollars, with a major resistance at 1.00 dollars.
👈 Continuous breaking of the resistance level may open the way for higher levels.
🧠 The news of Grayscale's progress in submitting an application for a spot ETF for ADA has had a positive impact on the market. Analysts' forecasts indicate the possibility of the price rising to 1.50 US dollars if the application is approved.
🚀 Upcoming opportunities:
If the bullish momentum continues, we may see ADA surpass 1.00 dollar and target levels of 1.50 dollars. However, any potential decline to 0.90 dollars should be monitored as a major support.
📢 Is ADA ready to break the 1 dollar barrier?
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