Cardano 
$0.896785 (ADA) has managed to capture attention following recent volatile trading. With a recovery in the cryptocurrency market, ADA’s price saw an increase of over 3%. Leading market experts predict that if ADA maintains its critical support levels, it could reach the $1.45 mark.
Signs of Recovery in the Crypto Market
Recent turbulent trading impacted the performance of several altcoins, including Solana 
$190, XRP, and ADA. However, indications of a general market recovery have eased investor concerns. The 3% increase recorded by Cardano today has contributed to restoring confidence in the market. Analysts believe that ADA will sustain an upward trend in the long run.
Crypto optimism in the U.S. gained momentum with Donald Trump’s election victory. The support from Cardano’s founder Charles Hoskinson for Trump has heightened expectations for ADA. The Republican win has led to speculation regarding potential approval of a Cardano ETF. Nate Geraci, President of ETF Store, indicated that we may see an increase in altcoin ETF applications, with ADA possibly being included in the list.
What Do Technical Indicators Suggest?
Rose Premium Signals stated that ADA could reach $1.45 if it maintains its critical support level. Additionally, analyst @Av_Sebastian pointed out the emergence of a “bull flag” formation in ADA’s chart, signaling increased investor confidence in digital assets.
- ADA Price: Increased by 3.01% in the last 24 hours, reaching $0.8949 and touching $0.9113.
- Trading Volume: One-day trading volume rose by 17%, reaching $844.26 million.
- Futures: According to CoinGlass data, ADA futures recorded a 1% increase in open positions.
Analysts indicate that ADA has potential not only to reach $1.45 but also to soar to $6. Should the positive momentum in the market continue, ADA is expected to demonstrate strong performance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
