Cardano Price Prediction: With the recent approval of Spot Bitcoin ETF, the eighth largest cryptocurrency Cardano(ADA) showcased sustainability above combined support of $0.46 and 50% Fibonacci retracement level. The renewed buying pressure surged the coin price by 7.3% to current trade at $0.53. This healthy retracement in tandem with the market participants’s anticipation for Cardano ETFs hints at a positive outlook for this altcoin in the near future.
Will ADA Price Prolong Correction Beyond $0.5?
A healthy retracement indicates the ADA price is poised for a strong bounce back.
A consolation of technical support at $0.46 creates solid buyers for coin buyers.
The intraday trading volume in the ADA coin is $376 Million, indicating a 23% gain.
Cardano Price Prediction| TradingView Chart
The Cardano price resilience above the 50% Fibonacci retracement level suggests that the current bullish trend remains robust, with the ongoing correction likely serving as a period for buyers to revi
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