Cardano's price experienced a strong bullish breakout as the crypto fear and greed index rose and Bitcoin reached a record high. The rally was driven by a risk-on sentiment in the market and optimism surrounding the incoming Trump administration. The Federal Reserve's dovish tone and the increasing expense of Solana also drew investors to Cardano. Analysts remain bullish on Cardano, with some projecting a potential 1,100% increase in the long term. Cardano has formed a double-bottom pattern and broken above key resistance levels, suggesting that its price is likely to continue rising, with a target of $1.60.



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