Cardano (ADA) is witnessing a significant rebound as bulls in the ecosystem appear determined to push the asset to reclaim lost gains. According to CoinMarketCap data, the price of ADA has spiked by 10% in the last 24 hours as traders are actively buying the coin.
Key resistance at $0.60 as Cardano investors eye $1
Notably, ADA’s value climbed from a low of $0.5308 to a peak of $0.5932 as transactions intensified. As of press time, investors have pulled back, leading to a slight drop in the value of Cardano on the crypto market.
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Cardano now exchanges at $0.5813, representing a 6.01% increase. However, trading volume is still up by double digits at 11.92%, translating to $1.17 billion in fiat currency.
Cardano Daily Price Chart | Source: CoinMarketCap
This development suggests that investors actively transact the coin in anticipation of further positive price movements. ADA's technical charts signal that it has the potential to reach higher levels if supported by ecosystem bulls.
Cardano has been trapped in consolidation for the last couple of days, with the $0.52 level as crucial support. With this recovery, ADA must breach the $0.60 resistance level to confirm a bullish trend.
The coin could record explosive growth if Cardano bulls can push ADA and sustain its value above $0.70. If the broader crypto market is bullish, it will likely retest the psychological $1 level, which it last hit in February 2025.
Cardano Lace Wallet integration of Bitcoin sparks optimism
Meanwhile, positive developments that could further drive adoption have been rolled out in the Cardano ecosystem. According to Charles Hoskinson, Cardano founder, Lace Wallet has fully integrated Bitcoin on the mainnet and is now live.
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There are also expectations that more notable assets like XRP might be next for integration. As users anticipate what comes next, integrating Bitcoin to Lace 1.24 might support bulls in driving Cardano’s value toward the elusive $1 mark.
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