Cardano (ADA) is holding steady at approximately $0.9, with founder Charles Hoskinson expressing confidence that the cryptocurrency will 'break the internet.' Despite a recent 4% price dip, analysts remain optimistic about a significant rally. ADA has been trading within a range of $0.72 to $0.96 since July, reaching a local high of $1.01 last month. Analysts highlight the importance of ADA maintaining its ascending support trendline to sustain its bullish momentum.
The launch of Grayscale's Crypto 5 ETF, which includes Cardano, has fueled optimism for a potential spot ADA ETF approval by the SEC. Such a development could bolster ADA's performance towards the end of the year, alongside other altcoins.
Cardano Steadies at $0.9 Amid Bullish Rally Predictions
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