{"id":625736,"date":"2025-02-11T10:31:42","date_gmt":"2025-02-11T10:31:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=625736"},"modified":"2025-02-11T10:31:42","modified_gmt":"2025-02-11T10:31:42","slug":"cardano-price-prediction-ada-soars-14-as-grayscale-files-for-first-spot-cardano-etf-while-new-btc-bull-ico-raises-536k-in-24-hours","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-ada-soars-14-as-grayscale-files-for-first-spot-cardano-etf-while-new-btc-bull-ico-raises-536k-in-24-hours","title":{"rendered":"Cardano Price Prediction: ADA Soars 14% As Grayscale Files For First Spot Cardano ETF, While New BTC Bull ICO Raises $536K In 24 Hours"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Cardano price soared 14% in the last 24 hours to trade at $0.7985 as of 02:24 a.m. EST on a 55% pump in trading volume to $1.1 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after Grayscale, through NYSE Arca, submitted a filing under the Securities and Exchange Act of 1934 to launch the first spot Cardano ETF (exchange-traded fund).&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NYSE Arca Files For First Cardano ETF On Behalf Of Grayscale<\/p>\n<p>NYSE Arca has filed a 19b-4 form on behalf of Grayscale to create a spot Cardano (ADA) ETF, with Coinbase Custody as the custodian and BNY Mellon as the administrator.<\/p>\n<p>This marks the first ever ETF proposal based on&hellip; <a href=\"https:\/\/t.co\/ISmupDDrnQ\">pic.twitter.com\/ISmupDDrnQ<\/a><\/p>\n<p>&mdash; The Wolf Of All Streets (@scottmelker) <a href=\"https:\/\/twitter.com\/scottmelker\/status\/1889123276577816991?ref_src=twsrc%5Etfw\">February 11, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The proposed ADA ETF aims to offer investors regulated exposure to Cardano. If approved, the shares will be listed under the ticker symbol &ldquo;GADA.&rdquo;<\/span><\/p>\n<h2><b>Cardano Price Moving Towards A Bullish Recovery<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Despite such a surge in the last 24 hours, the <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/cardano\"><span style=\"font-weight: 400;\">ADA price<\/span><\/a><span style=\"font-weight: 400;\"> chart analysis reflects a significant price drop from its previous highs AT around $1.20, followed by a sharp rebound after testing a key support zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A key support zone between $0.80 and $0.90 played a crucial role in preventing further downside.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price dipped below this region but quickly recovered, signaling strong buying pressure at lower levels, according to <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0x673516e510d702ab5f2bbf0c6b545111a85f7ea7\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\"> data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, ADA remains below its 200-day Simple Moving Average (200-day SMA) at $0.9173, which could act as resistance in the short term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price also broke above the 50-day SMA at $0.7263, a bullish sign that suggests a potential continuation of the uptrend. If ADA can sustain above this level, further upside momentum could develop.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A major resistance level is around $1.20 (orange line), which has previously acted as a strong barrier. Before reaching this, ADA must first break through the $0.92-$1.00 zone, where the MA200 and previous structure resistance converge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) is at 72.90, indicating overbought conditions in the short term. This suggests ADA might experience some consolidation or slight pullback before continuing higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Moving Average Convergence Divergence (MACD) line is above the signal line, which is a bullish signal. Positive histogram bars indicate increasing bullish momentum. If the MACD continues upward, it could reinforce the bullish case for ADA.<\/span><\/p>\n<figure id=\"attachment_625737\" aria-describedby=\"caption-attachment-625737\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-625737\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-11_10-24-59.png\" alt=\"Cardano Price Chart Analysis Source: GeckoTerminal\" width=\"1637\" height=\"676\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-11_10-24-59.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-11_10-24-59-300x124.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-11_10-24-59-1024x423.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-11_10-24-59-768x317.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-11_10-24-59-1536x634.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-625737\" class=\"wp-caption-text\">ADA\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2><b>ADA Price Prediction<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If ADA maintains its momentum and breaks above $0.92 (200-day SMA), the next target would be $1.00, followed by a larger move towards $1.20.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, a rejection at $0.92 could lead to a pullback towards $0.75, where the 50-day MA may act as support. If this level fails, ADA could retest the $0.65 zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the ADA price soars, investors are also buying a new Bitcoin alternative called<\/span>&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400;\">BTC Bull (BTCBULL)<\/span><\/a><span style=\"font-weight: 400;\">, which Alessandro De Crypto, a prominent YouTuber with over 14.4k subscribers, says could give massive gains.<\/span><\/p>\n<p><iframe title=\"Buy This New Bitcoin BTC BULL Meme Coin For HUGE GAINS!! 1280% APY GAINS!!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/_9WM9uCQlGs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><b>BTC Bull Presale Heads For $1 Million&mdash;Next Crypto To Explode?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The BTC Bull presale is off to a roaring start, having raised over $518k in 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The BTC Bull token is designed from the ground up as a meme-powered, community-driven token with the singular aim of riding the Bitcoin ($BTC) bull wave to $1 million and beyond.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And BTCBULL holders get to benefit from each new Bitcoin all-time high along the way when they are rewarded with real Bitcoin via airdrops.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; $BTCBULL is Live in Upcoming Tokens! &#128680;<a href=\"https:\/\/twitter.com\/BTCBULL_TOKEN?ref_src=twsrc%5Etfw\">@BTCBULL_TOKEN<\/a> is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.<\/p>\n<p>With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.&hellip; <a href=\"https:\/\/t.co\/BMzBHcLltU\">pic.twitter.com\/BMzBHcLltU<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1888934061848334357?ref_src=twsrc%5Etfw\">February 10, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">BTCBULL token holders can also earn passively by staking the tokens for an annual percentage yield (APY) of a huge 690%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.002355 each using BNB, ETH, USDT, or a bank card. Buy before a price hike in less than 5 days to secure the best deal.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Check out BTC Bull here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><strong>Related News<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-plunges-6-in-a-week-as-investors-flock-to-this-sol-layer-2-meme-coin-presale-offering-a-210-apy\"><span style=\"font-weight: 400;\">SOL Plunges 6% As Investors Flock To This SOL Layer-2 Meme Coin ICO<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-surges-13-as-analysts-say-spot-litecoin-etf-more-likely-in-2025-while-this-crypto-wallet-ico-heads-for-10-million\"><span style=\"font-weight: 400;\">LTC Surges 13%, While This Crypto Wallet ICO Heads For $10 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   <\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Cardano price soared 14% in the last 24 hours to trade at $0.7985 as of 02:24 a.m. EST on a 55% pump in trading <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":625740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-625736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Price Soars 14% As 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