Recently, Cardano (ADA) has attracted attention with a significant price rebound, rising 13.4% in 24 hours to reach $0.8787. This surge reflects not only an improvement in overall cryptocurrency market sentiment but also highlights investors' strong interest in ADA.

Multiple factors are driving the upward trend of Cardano. First, the generally optimistic market sentiment provides strong support for ADA. Second, on-chain indicators show that potential selling pressure in the future may be limited, creating conditions for further price increases. In addition, technical analysis indicates that ADA is approaching a key resistance level, and if it can break through the range of $0.88 to $0.90, it may initiate a new round of increases.

It is worth noting that since mid-July, the low points of ADA have been continuously rising, indicating that buying pressure remains strong. Analysts believe that if ADA can break through the current resistance level, its price is expected to move towards the target of $1.50. However, investors still need to be cautious, as short-term price fluctuations remain an important factor to consider.

Despite the optimistic outlook, market participants should view this surge rationally. The high volatility of the encryption currency market means that price trends can change at any moment. Therefore, when making investment decisions, it is advisable to conduct a comprehensive analysis that incorporates multiple factors, including but not limited to technical indicators, market sentiment, and the fundamental developments of the projects.

Overall, Cardano's current market performance is encouraging, but its future trend still depends on the interplay of various factors. Whether long-term investors or short-term traders, everyone should closely monitor market dynamics and make informed decisions based on their own risk tolerance.