• Cardano (ADA) price shows bullish momentum, with traders eyeing the $2 resistance level as a major breakout target.
• ADA reinstated in the Hashdex NASDAQ Crypto Index ETF, signaling growing institutional confidence in Cardano.
• Strong investor sentiment with 88% bullish votes, reflecting rising optimism within the crypto community.

Cardano (ADA) is experiencing bullish pressure and is experiencing a surge in its value, in line with the entire crypto market. The ADA price has risen by 2.36% over the last 24 hours and 12.2% over the last week.

At the time of writing, ADA is trading at $0.8614 with a market capitalization of $30.85 billion. The token has a trading volume of $1.27 billion, surged by 3.44% over the past day, reflecting investors growing interest in the crypto sector.

Source: CoinMarketCap

Cardano Back in Hashdex ETF After Regulatory Exit

The crypto analyst, Hailey LUNC, revealed that Cardano (ADA) is reinstated in the Hashdex NASDAQ Crypto Index U.S. ETF, following its earlier deletion as the regulator had some issues.

The reinstatement presents the turning point for ADA, restoring its prominence within one of the most acknowledged crypto index funds. Inclusion entitles institutional and retail investors within the ETF to resume gaining access to Cardano’s performance.

The move is an indicator of increasing optimism about the potential of Cardano as the top smart contract platform rivaling Ethereum and Solana. It also reflects an overall change in mood as financial products safely bring back the rejected tokens. The report was issued in conjunction with the CoinEx Creator Program.

Also Read: Cardano Price Prediction: ADA Consolidation Could Lead the Rally to $10

Cardano (ADA) Bulls Eye $2 as Chart Signals Breakout

A prominent crypto analyst, Hailey LUNC, highlighted that Cardano (ADA) is again gaining popularity as a popular analyst recycles his bull call. The trader had already anticipated the jump of ADA from $0.30 to well above $1.40. Now the chart is incredibly bulllishfor him and he is heavily accumulating his spot positions. As per analysis, the clean breakout will push the ADA really fast towards the $2 target.

Source: X

The $2 point acts as an important inflection point as it could potentially decide that ADA could continue its momentum or faces resistance. Due to Cardano’s growing ecosystem and fresh market positivity, investors await verification closely. If history rhyme, then the ADA could be about to enjoy another grand rally.

Cardano Sentiment Signals Strong Investor Confidence

According to the data from CoinMarketCap, The community sentiment strongly leans toward optimism, with 88% of voters expressing a bullish outlook. Out of 1.2 million total votes, this large majority suggests confidence in upward movement. Such sentiment reflects positive expectations for the asset.

Source: CoinMarketCap

While 12% of the participants cast their votes bearish, showing minority anticipates depreciation. That lower percentage demonstrates prudence or skepticism in spite of the majority being optimistic. Overall, the sentiment presents an overriding petroleum bull confidence over bear worries.

Also Read: Cardano ADA Enters Institutional Spotlight as Reliance Allocates to $120M Treasury