Saad Ullah
● As TapTools noted, "Cardano $ADA has reclaimed $0.66"—a psychological level that traders are watching closely. With volume picking up and RSI momentum improving, ADA could test $0.70 next if conditions hold steady.
● While the move above $0.66 shows strong short-term momentum, ADA remains exposed to macro headwinds like high interest rates and shifting sentiment. The key now is holding support near $0.63–$0.64 to confirm this isn't just a temporary spike.
● Cardano's market cap sits at $23.67 billion, keeping it in the top ten cryptocurrencies globally. Its fully diluted valuation has reached nearly $29.7 billion, reflecting long-term optimism around the ecosystem. Ongoing upgrades to smart contracts and scalability could draw in more institutional interest down the line.
● ADA's bounce fits into a wider recovery across crypto markets as inflation cools and speculation grows around future rate cuts. Cardano's proof-of-stake model and focus on energy efficiency continue to position it as a serious Ethereum alternative, especially as interoperability and network improvements roll out.
Saad Ullah
