Cardano’s ADA Gains 12% as Investors Eye ETF Potential and $3 Target

Cardano’s surge to $1.20 reflects growing investor confidence and bullish momentum. Strong support at $1.05 and $1.07 underpins ADA’s upward price trajectory. RSI and MACD suggest sustained bullish momentum but hint at short-term overbought conditions. Cardano (ADA) has seen significant traction of late, reflecting bullish sentiment and heightened investor interest. This surge aligns with broader market optimism and hints at potential ETF news, similar to XRP. As noted by analyst Dan Gambardello, if ADA sees comparable ETF-related developments, its price could skyrocket, potentially reaching the $3 mark. Current market activity and technical indicators suggest a strong foundation for sustained growth. Cardano has a lot going for it right now. But on top of it all, if Cardano has similar ETF news as $XRP , please take note how fast $ADA hits $3. — Dan Gambardello (@cryptorecruitr) December 2, 2024 Bullish Indicators Highlight Strong Market Activity The price of ADA surged to $1.20 , marking a 12.12% gain within 24 hours. This uptrend reflects growing confidence among traders and investors. Trading volume spiked by an impressive 343.08%, demonstratin… The post Cardano’s ADA Gains 12% as Investors Eye ETF Potential and $3 Target appeared first on Coin Edition .