- Cardano (ADA) is showing signs of a bullish reversal, with Bollinger Bands indicating a potential rebound toward $0.67 if investor interest increases.
- Whale accumulation, a Kraken OTC listing, and rising ETF approval odds could further boost ADA’s price recovery.
Cardano (ADA) is showing signs of a bullish reversal as technical indicators and growing market interest align to support a potential price breakout. With ADA recently rising from $0.6291 to $0.6441, analysts believe the price could surge as high as $0.67—or even $0.70—if current trends continue.
Cardano Bollinger Bands Signal Possible Upswing
According to CoinMarketCap data, Cardano is trading around $0.6330, representing a slight 0.21% gain in 24 hours. What’s especially significant is its position near the lower limit of the Bollinger Bands. Historically, this setup suggests a bullish reversal, as prices tend to bounce upward from this technical support zone. If buyers regain strength, the ADA price could rise sharply.
Whale activity further strengthens this outlook. Over the span of just two days, large holders accumulated more than 120 million ADA. Although current volume has dropped 46.33% to $589.3 million, renewed interest from whales could reignite buying pressure and drive ADA toward the $0.67 resistance.
Kraken Listing and ETF Buzz Add Fuel
Cardano’s momentum may also benefit from increasing market exposure. Kraken OTC recently added ADA trading options to its platform, giving institutional and high-volume investors more access to the asset.
Additionally, the community is abuzz over a Bloomberg report indicating that there is now a 75% chance the SEC could approve a Cardano ETF. This is a notable jump from previous odds and could attract fresh inflows from traditional investors, adding to ADA’s upward potential.
A Rebound Depends on Renewed Buying
While the indicators are promising, ADA’s ability to climb hinges on increased participation. If bulls—especially whale investors—step back in and trading volume rises, Cardano may break out of its current range and head toward the predicted $0.67 mark.
For now, all eyes are on volume and sentiment. If these align, Cardano could deliver a surprise breakout and potentially outperform short-term market expectations.
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