Cardano Price Surges 16%, Breaks Key Resistance to Target $1.50

Cardano’s price experienced a significant surge of 16%, reaching $0.98 and breaking through key resistance levels, signaling a bullish momentum towards the target of $1.50. This rise is attributed to technical patterns, including an inverse head-and-shoulders breakout above $0.94, further supported by ETF speculation from Grayscale’s strategic moves. The anticipated listing of Cardano ETFs has bolstered market sentiment and investor confidence.