TL;DR
ADA is down by double digits in the last 14 days, but analysts believe the price may soon surpass the $1 target.
Grayscale recently updated its spot ADA ETF filing. The approval odds for that product before the end of the year currently stand at 87%.
The Necessary Catalyst
Earlier today, the popular X user Ali Martinez forecasted that ADA could hit $1.20 if it breaks $0.88. He thinks such a price expansion is possible in the following weeks. Less than a month ago, he presented a similar theory, envisioning a pump to $1.30 in case of a breakout above $0.84.
The X user with the moniker LSTRADER is also among the bulls. They believe ADA could soar to $1 and beyond if the price doesn’t lose the support zone of $0.82-$0.83.
On the other hand, Dan Gambardello (who is known as a keen advocate of the asset) made a somewhat controversial statement. He doubled down on his previous opinion from January when saying the Cardano Foundation “has failed the Cardano ecosystem” due to
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