Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out

Cardano (ADA) investors have been closely monitoring price movements as crypto analyst CobraVanguard suggests that ADA may never drop below $0.80 again—if a key wedge pattern breaks out. This bullish take arrives alongside the U.S. SEC’s acknowledgment of Grayscale’s ETF filing for Cardano, adding fuel to market optimism.

What’s Driving Cardano’s Price Action?

The ongoing technical analysis shows a wedge formation, a pattern that, if broken to the upside, could signal a strong rally for ADA. Analysts believe that such a breakout would officially establish $0.80 as a price floor, preventing future dips below this level. Furthermore, institutional interest in Cardano is growing, with Grayscale’s ETF filing being a potential milestone for broader ADA adoption.

This development reflects increasing confidence in Cardano's long-term value proposition, as more investors look to diversify and capitalize on blockchain ecosystems beyond Bitcoin and Ethereum.

Will this bullish momentum continue? Only time will tell, but all eyes remain on ADA’s next price decision.

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