Three Indicators Suggest a Potential Surge in Cardano (ADA) Value

Cardano's ADA recently experienced a 7% price increase, trading just below $0.60, and indicators suggest a potential bull run is imminent. Large investors have purchased 120 million ADA in the past two weeks, a move seen as bullish as it may motivate smaller investors to join. Also, ADA's exchange net flow has been negative, indicating that many investors have moved from centralized platforms to self-custody methods, thereby reducing immediate selling pressure.

Lastly, the prospect of a US-approved ADA ETF could attract new investment. Analysts predict that ADA could experience a significant rally, with some suggesting that it could surge to and beyond the $1 mark.