Cardano Price Outlook: Why Institutional Inflows and Retail Adoption Could Push ADA Toward $1.20
The post Cardano Price Outlook: Why Institutional Inflows and Retail Adoption Could Push ADA Toward $1.20 appeared first on Coinpedia Fintech News
The Cardano price has staged a strong rebound from recent lows, with technical strength aligning with fresh institutional and ecosystem developments.
Trading at $0.85, ADA is gaining traction as ETF inclusion, whale activity, and Brave’s integration provide new momentum for the network’s next breakout phase.
Cardano Price Rebounds From Key SupportAfter dipping toward $0.75, Cardano price has bounced from a critical support level that aligns with the 200-day EMA and the lower boundary of a symmetrical triangle pattern.
ADA has since pierced the 50-day EMA band and is holding above it, signaling a potential to retest the pattern’s upper border.
From a technical view, ADA price USD faces resistance at $0.96. A break above this level could open the door for a move toward $1.20, while further strength could validate a push to $1.32.
Conversely, slipping under $0.80 would likely delay this scenario, keeping the Cardano price chart in consolidation.
ETF Inclusion Expands Institutional AccessToday, Cardano is the subject of discussion mainly because of the Optimism surrounding ADA, which has been fueled by news that Hashdex has added Cardano to its Nasdaq Crypto Index U.S. ETF through an SEC filing.
This move places Cardano alongside Bitcoin, Ethereum, Solana, XRP, and Stellar within a regulated investment product.
BREAKING NEWS:
CARDANO RE-LISTED ON NASDAQ CRYPTO ETF 