Cardano is aiming to reach the psychological price of $1 after a golden cross formation on the daily chart, indicating a bullish trend.
Renowned market analyst Ali Martinez suggests that a breakout above $0.74 could pave the way for Cardano to move towards $0.88.
Cardano, currently at $0.70, shows potential for further upside with eyes set on breaching $0.74 and potentially reaching $0.88 and $1 zones.
Market analysts believe Cardano's bullish momentum is supported by potential ETF approval, institutional accumulation, and its role in unlocking Bitcoin DeFi.