As part of his Cardano price prediction, crypto analyst CobraVanguard has revealed what needs to happen for ADA to never drop below the $0.8 level again. This comes amid the US SEC’s acknowledgment of Grayscale’s Cardano ETF filing, providing a bullish outlook for the crypto. How The Cardano Price May Never Drop Below $0.8 Again In a TradingView post, CobraVanguard noted that the Cardano price continues to move well within the wedge. The analyst claimed that if this wedge is broken, then market participants will no longer see ADA below $0.80. The analyst’s accompanying chart showed that a break above could see Cardano reclaim the $1 psychological price level. Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown This bullish outlook for the Cardano price comes as the US Securities and Exchange Commission (SEC) acknowledged Grayscale’s Cardano ETF filing. An ETF is bullish for the ADA price as it will attract institutional investors and drive more inflows into the coin’s ecosystem, which could spark a rally to new highs. However, in the meantime, the ..
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