ADA Rebounds 1.95% as Bitcoin Ordinals Bridge Spurs Renewed Buying and Analyst Optimism

Cardano (ADA) is currently trading at $0.6785 on Binance, with a 24-hour opening price of $0.6655 and a 1.95% increase over the last day; trading activity remains robust, with significant volume and ADA listed on 117 exchanges. The recent price uptick follows a period of downward pressure after ADA broke below key support levels near $0.72, reflecting broader market volatility and macroeconomic uncertainty; however, positive sentiment from the successful bridging of Bitcoin Ordinals to Cardano and ongoing analyst optimism about Cardano’s technological progress and future potential have contributed to renewed buying interest and short-term price recovery.