The recent bullish trend in Bitcoin, nearing the $97,000 mark, is driving a broader altcoin rally, including Cardano (ADA). This momentum has helped ADA reclaim the $1 psychological level, with a significant 10% rise over the last 24 hours.
Amid this rally, Cardano bulls are aiming for a target of $1.247. The question now being considered by traders is whether today's bullish trend will extend further to result in an overall 16% increase in ADA's price.
This latest surge in ADA's value reflects a renewed confidence in the cryptocurrency market, influenced largely by Bitcoin's performance and the current positive sentiment sweeping across various altcoins.
