ADA, ETF and Cardano
Grayscale’s Pursuit of a Spot Cardano ETF: Potential Catalyst for ADA’s Price Rise
Cardano (ADA) is showing signs of recovery after completing a corrective phase, with Elliott Wave and Fibonacci levels supporting a move toward $1.12. Holding above $0.72 is critical for the bullish scenario.
International Business Times · 1d
NYSE Arca Files 19b-4 For Grayscale's Cardano ETF; $ADA Surges, Outperforms $BTC, Other Altcoins
NYSE Arca has filed a 19b-4 form for Grayscale's $ADA ETF, triggering a price pump on the Cardano coin that outperformed Bitcoin and all other altcoins on the Top 10 list of cryptocurrencies with the largest market cap.
AMBCrypto · 5h
Cardano: Will ADA’s ETF hype push the coin past $2?
Cardano has been navigating a rectangular consolidation phase since mid-2022, with key resistance levels around $0.82 to $0.85. ADA must break above these levels to target the next significant price point of $2.95. If ADA successfully pushes through this resistance, it could trigger a bullish rally, attracting more buyers.
FXStreet · 1d
Cardano Price Forecast: Grayscale files for ADA ETF with NYSE
The Relative Strength Index (RSI) on the daily chart reads 38, bouncing off from its oversold level of 30 on Sunday, indicating a mild rise in bullish momentum. However, the RSI must trade above its neutral level of 50 for the bullish momentum to be sustained. Such a development would add a tailwind to the recovery rally.
The filing highlights Grayscale’s strategy to expand its presence in the cryptocurrency ETF space, as the firm has already ...
Shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) were on track to snap six straight days of losses, as the stock rose ...
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