Cardano (ADA) has experienced a strong comeback, reaching its highest level since April 2022 at $0.90. With a 275% increase from its low last year, ADA has remained in a bullish trend and surpassed key resistance levels. The next point to watch is the 50% retracement point at $1.6, which could increase its market cap to over $37 billion. However, a drop below the psychological point at $0.50 could signal more downside. The rise in Cardano's price coincides with an increase in the crypto fear and greed index, as well as positive movements in its ecosystem such as a surge in DEX volume and a record high DeFi TVL. Additionally, the recent election of Donald Trump in the US and potential collaborations with top companies like SpaceX contribute to the positive sentiment surrounding Cardano.



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