Cardano (ADA) is showing signs of breaking out and could potentially reach a price of $0.83 if momentum holds up, according to crypto analyst Ali Martinez. Santiment's on-chain data also indicates bullish price growth for ADA, with a 11% jump in market value. Large investors have been steadily accumulating ADA since November 2023, indicating growing confidence in Cardano. The push for a Cardano ETF, as evidenced by Grayscale's filing with the NYSE, further boosts positive sentiment and institutional adoption. If the ETF is approved, it could attract significant institutional inflows and accelerate Cardano's price surge. However, Cardano's current price is $0.7749, with a 24-hour trading volume of $1.41 billion.



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