ADA Price Up 4.5% In 24 Hours: Why Is Cardano Going Up?

Cardano (CRYPTO: ADA) is up 4.5% over the past 24 hours, boosted by altcoins enjoying bullish sentiment.

Cryptocurrency Price              Market Cap 24-Hour Trend 7-Day Trend
Cardano (CRYPTO: ADA) $1.05 $37.4 billion +4.5% +8%
Algorand (CRYPTO: ALGO) $0.39 $327 billion +30% +62%
Ripple (CRYPTO: XRP) $1.70 $96.6 billion +15% +14.5%

Trader Notes: Crypto trader Brandon Hong noted in a post on X on Friday that Cardano offered traders an entry of around 80 cents.

From current levels, he anticipates ADA to push higher to $1.20 and, if that level is successfully reclaimed, possibly to $1.60 or further.

Pseudonymous trader Ssebi also targets $1.25, while …

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