- Cardano (ADA) has surged over 6% in 24 hours, fueled by rising trading volume and bullish sentiment following Lace Wallet’s integration of Bitcoin on the mainnet.
- With ADA nearing the key $0.60 resistance, investors are eyeing a potential breakout toward the $1 milestone.
Cardano (ADA) is back in the spotlight as renewed bullish momentum lifts its price and market confidence. Over the past 24 hours, ADA climbed from $0.5308 to a daily high of $0.5932 before settling at $0.5813—marking a 6.01% gain. This upward move is backed by a significant 11.92% surge in trading volume, signaling a growing appetite from investors eager to ride the next leg of ADA’s rally.
The rally comes after a period of consolidation, where ADA held strong support at the $0.52 level. Now, with bullish momentum returning, analysts suggest that a decisive break above the $0.60 resistance could open the door for further gains toward $0.70. Should ADA maintain this momentum and remain above key resistance zones, many believe the $1 milestone may soon be back in reach.
Bitcoin Integration in Lace Wallet Boosts Sentiment
Fueling the price surge is a major update from the Cardano ecosystem. The network’s native wallet, Lace, has officially integrated Bitcoin (BTC) support on its mainnet. The development was confirmed by Cardano founder Charles Hoskinson, who announced that Bitcoin support is now live in Lace version 1.24.
This update marks a significant step forward for Cardano’s interoperability ambitions. By enabling Bitcoin transactions through the Lace Wallet, Cardano users can now interact more seamlessly with the world’s leading cryptocurrency, bridging the gap between ADA and BTC ecosystems. This strategic move is already sparking speculation about future integrations, including potential support for other major assets like XRP.
Investors view this integration as a highly bullish development. Enhanced functionality in the Lace Wallet may attract new users and increase activity on the Cardano network. As utility rises, so too does investor confidence, creating a positive feedback loop that could further boost ADA’s value.
Technical Outlook: Eyes Set on $1
From a technical standpoint, ADA is now at a critical juncture. If the token can break and sustain above the $0.60 resistance level, analysts believe a push toward $0.70 and eventually $1 is plausible. Rising trading volumes, improving sentiment, and increased user activity all support this bullish scenario.
Still, market watchers caution that ADA must maintain upward pressure to avoid falling back into a consolidation phase. Key support remains around $0.52, while $0.60 and $0.70 will be closely monitored resistance zones in the near term.
Cardano’s recent surge, driven by Lace Wallet’s Bitcoin integration, highlights the network’s push toward broader adoption and cross-chain functionality. With trading momentum building and technicals aligning, ADA may be on the verge of a major breakout. If bullish sentiment persists, the long-awaited $1 milestone could soon come back into view for Cardano investors.