An analyst suggests that for Cardano (ADA) to rise to $2, it must achieve a daily close above $1.2. The article examines Cardano's current and future trends.
Current Trends and Prospects for ADA
Cardano and its native token ADA have recently seen an uptick in social sentiment, boosting positive expectations for future price growth.
Factors Promoting Growth
It is suggested that the approval of an ADA-based ETF or other positive regulatory changes could provide additional impetus for the price.
A daily close above $1.15 will confirm this right-angled descending wedge, pushing [#Cardano] [$ADA] to $2!
Potential Obstacles for Cardano
Despite favorable forecasts, the current market situation indicates that significant growth is unlikely without substantial changes in external factors.
Increasing social activity and potential regulatory changes may help ADA's price reach $2, although obstacles remain.
