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Sujit Kumar
Mar 21, 2025
by Sujit Kumar

Cardano (ADA) Eyes $2 Rally Amid Bullish Pattern and Market Buzz

cardano Eyes $2 rally

Table of contents

  1. Regulatory Relief Fuels Sentiment
  2. ETF Talks and Institutional Interest
Cardano (ADA) is back in the spotlight as analysts highlight a bullish right-angled descending wedge pattern, suggesting a possible rally toward the $2 mark—a level not seen since November 2021.

Currently trading around $0.7145, ADA’s price could potentially double if the pattern plays out. However, the key trigger remains a daily close above $1.15, which would confirm the breakout and signal strong upward momentum.

Regulatory Relief Fuels Sentiment

Recent regulatory developments have also played a role in boosting market sentiment. The dismissal of SEC cases against Coinbase and Kraken has eased fears surrounding ADA’s classification as an unregistered security. This regulatory clarity has given investors fresh confidence in the asset’s future.

ETF Talks and Institutional Interest

Adding to the bullish momentum are rumors of an ADA exchange-traded fund (ETF) and speculation about Cardano’s inclusion in a U.S. Digital Asset Stockpile. These developments could attract institutional investors and lend more legitimacy to ADA’s market presence.

Still, it’s a waiting game. Without a confirmed breakout above the $1.15 resistance, the bullish setup remains theoretical. Market participants are now closely watching ADA’s price action to see whether it can break through and head for higher ground—or retreat once again.

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Cardano Eyes $2 market buzz
Cardano (ADA) Eyes $2 Rally Amid Bullish Pattern and Market Buzz
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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