<ul><li>Crypto analyst CobraVanguard believes that if the wedge is broken, Cardano (ADA) may never drop below $0.8 level again and could reclaim the $1 psychological price level.</li><li>US SEC's acknowledgment of Grayscale's Cardano ETF filing provides a bullish outlook for ADA as it may attract institutional investors and drive more inflows into the coin’s ecosystem.</li><li>Crypto analyst CryptoBusy suggests that ADA is on a short-term bearish outlook and may face a breakdown to the $0.618 price level due to selling pressure.</li><li>Crypto analyst Sebastian predicts a mega bounce in Cardano's price after the current market downtrend, urging market participants to hold on and expect higher prices.</li></ul>

Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out

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