Cardano’s ADA surged 8.5% to $0.363, outperforming the wider crypto market. This rally followed the 2024 Cardano Summit, which featured major partnerships, including one with BitcoinOS to bring Bitcoin liquidity into Cardano’s DeFi ecosystem. The U.S. jobs report, showing stable unemployment at 4.1%, boosted hopes for an interest rate cut, creating favorable conditions for high-risk assets like ADA.

Technically, ADA targets key resistance levels at $0.424 and $0.477. If it breaks through, a 35% rally could be possible by 2025.

However, ADA’s future gains may depend on macroeconomic trends and Cardano’s continued network development. Show Less