Will it Reclaim $1 This Week?
Cardano, including in the U.S. strategic reserve, offers strong bullish momentum after potential ADA ETFs. and other cryptocurrencies in the market ADA price There is also a cruel bearish attack, but the third generation of tokens shows great power. The pressure to buy is slowly increasing, which shows that the bull is slowly regaining its dominance. So if this deal performs well, the price may eventually recover the loss level above $1.
Whale movement is closely monitored because it is considered one of the biggest signals before the trend. The cumulative volume will bullish the banner on cryptocurrencies, and liquidation raises great concerns about the upcoming price action. However, whales have accumulated a large amount of ADA during the recent price drop, indicating their growing confidence in the token.
this Share data Ali, a popular analyst, proposed that the address holding ADA tokens has exceeded 420 million ADA shortly after Donald Trump announced the strategic crypto protection zone in the United States.
Another major reason for rising confidence is the involvement of Cardano founder Charles Hoskinson in the U.S. government. With these positive advancements, market participants appear to be bullish at the upcoming ADA price rally. Meanwhile, the price is approaching the critical resistance, clearing it not only takes back $1, but also marks new monthly highs, as most indicators that turn bearish cannot do this.
Recent upgrades pushed ADA prices higher than the downward parallel channels, and unfortunately, this is a wrong breakthrough. However, the Bulls regained the rally, so the price is returning to exceed the channel’s resistance. The CMF and OBM showed bullish divergence, which indicated that the bulls’ strength was increasing, which may confirm the onset of bullish trends.
Therefore, Cardano (ADA) prices are expected to maintain a steady upward trend over the next few days and may exceed $1 at any time. Nevertheless, the token’s real goal is set at $1.2, and if it exceeds this goal, it may move towards a new high above $1.5.
