Cardano Prices Rise Slowly, ADA Coins Can Soar High?

Cardano crypto assets. (Photo; Doc. NFTNow)

JAKARTA Cardano (ADA) has experienced a positive momentum by recording price increases in recent days. In the last 24 hours, ADA prices have soared to 12.12%, reaching 1.20 US dollars (around Rp. 18,960), signaling investor confidence is increasing against Cardano's growth potential.

Not only that, this increase was also accompanied by a surge in ADA's trading volume of 343.08% which showed very high market activity. In addition, Cardano's market capitalization also jumped significantly, reaching 42.05 billion US dollars (around Rp664 trillion).

This increase also coincided with the positives of market sentiment in general. Even so, it is not yet known whether Cardano can follow in XRP's footsteps in price performance and strengthen plans related to Exchange-Trad Funds (ETF).

Analysts, such as Dan Gambardello, have revealed that if Cardano gains similar developments with XRP related to the ETF, ADA prices can skyrocket and even reach a figure of 3 US dollars (around Rp. 47,400). The view of Gambardello is inseparable from a number of technical indicators that show a strong foundation for sustainable growth.

Even so, the crypto analyst revealed that although the price of ADA continues to show a positive trend, there are several key levels that investors need to pay attention to. Some of the important support levels are 1.05 US dollars (around Rp. 16,590) and 1.07 US dollars (around Rp. 16,866), which managed to keep prices down. On the other hand, there is also a resistance level at 1.22 US dollars (around Rp. 19,316) that ADA must achieve before breaking higher prices.