Cardano Price Prediction: Triangle Compression, TVL Surge, and ETF Boost Signal $1 ADA Rally
The post Cardano Price Prediction: Triangle Compression, TVL Surge, and ETF Boost Signal $1 ADA Rally appeared on BitcoinEthereumNews.com. Cardano trades near a crucial support zone as on-chain momentum builds and its inclusion in the NASDAQ’s Hashdex ETF sparks fresh breakout hopes. Cardano just scored a major win, earning a spot in the NASDAQ-listed Hashdex ETF. While its allocation is a modest 1.2%, the move is seen as a strong signal of growing institutional interest. Market participants now believe ADA could be setting up for a breakout, especially as it hovers near a key support level that’s triggered multiple rallies in the past. Cardano in NASDAQ’s Hashdex ETF Cardano just earned a seat on the NASDAQ-listed Hashdex ETF. While ADA’s weight sits at only 1.2%, its inclusion alone is an achievement among major market dominators. Cardano’s presence in this regulated product signals institutional acknowledgment. Cardano’s inclusion in the NASDAQ-listed Hashdex ETF highlights growing institutional confidence in ADA’s long-term potential. Source: StakeWithPride via X Analyst, StakeWithPride believes that for long-term ADA holders, this move is less about immediate price action and more about institutional adoption. Hashdex selects assets with strong liquidity, tech credibility, and market relevance in its Hashdex ETF. ADA Approaching Key Support, Reversal in Play? Cardano is now approaching a major support zone at $0.51, a level that’s historically acted as a strong demand area. As shown in the chart shared by Most Angry Bull, ADA has tapped this zone multiple times since mid-2023, each time triggering a reversal. The current structure shows a classic triangle, with $0.51 as the lower boundary of the multi-month range. ADA continues to test its key $0.51 support level, a historically reliable bounce zone. Source: Most Angry Bull via X If bulls can defend this area again, a swift bounce toward the $0.70 to $1.00 zone is likely to follow. Additionally, the SEC’s recent approval of Nasdaq’s expanded crypto index, which now…
The post Cardano Price Prediction: Triangle Compression, TVL Surge, and ETF Boost Signal $1 ADA Rally appeared on BitcoinEthereumNews.com.
Cardano trades near a crucial support zone as on-chain momentum builds and its inclusion in the NASDAQ’s Hashdex ETF sparks fresh breakout hopes. Cardano just scored a major win, earning a spot in the NASDAQ-listed Hashdex ETF. While its allocation is a modest 1.2%, the move is seen as a strong signal of growing institutional interest. Market participants now believe ADA could be setting up for a breakout, especially as it hovers near a key support level that’s triggered multiple rallies in the past. Cardano in NASDAQ’s Hashdex ETF Cardano just earned a seat on the NASDAQ-listed Hashdex ETF. While ADA’s weight sits at only 1.2%, its inclusion alone is an achievement among major market dominators. Cardano’s presence in this regulated product signals institutional acknowledgment. Cardano’s inclusion in the NASDAQ-listed Hashdex ETF highlights growing institutional confidence in ADA’s long-term potential. Source: StakeWithPride via X Analyst, StakeWithPride believes that for long-term ADA holders, this move is less about immediate price action and more about institutional adoption. Hashdex selects assets with strong liquidity, tech credibility, and market relevance in its Hashdex ETF. ADA Approaching Key Support, Reversal in Play? Cardano is now approaching a major support zone at $0.51, a level that’s historically acted as a strong demand area. As shown in the chart shared by Most Angry Bull, ADA has tapped this zone multiple times since mid-2023, each time triggering a reversal. The current structure shows a classic triangle, with $0.51 as the lower boundary of the multi-month range. ADA continues to test its key $0.51 support level, a historically reliable bounce zone. Source: Most Angry Bull via X If bulls can defend this area again, a swift bounce toward the $0.70 to $1.00 zone is likely to follow. Additionally, the SEC’s recent approval of Nasdaq’s expanded crypto index, which now…
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