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Massive Cardano Bull Run Ahead? New Bitcoin Bridge Could Boost ADA’s Price

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  • Cardano (ADA) shows potential for a major bull run, echoing patterns from its 2020 breakout.
  • Integration of Bitcoin support into ADA’s Lace wallet aims to revolutionize Bitcoin-based DeFi access.
  • ADA’s new Midnight project seeks interoperability with major blockchains to enable private smart contracts.

Cardano (ADA) currently trading at around $0.6946, down by a modest 2.20% in recent hours. This setback notwithstanding, the token has recorded uplifting gains within the past week, up 13.18% by price. Its trading volume, however, is down considerably by 39.36%, standing at $524.27 million over the previous 24 hours.

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Cryptocurrency analyst Mintern noted that Cardano’s current market structure replicates the scenario leading up to its explosive 2020 break. This earlier advance was strongly fueled by a reverse head-and-shoulders formation, a device typically linked with upward bullishness. Mintern’s work hints at the probability that ADA’s strongest bull trend is yet to come, as investors are potentially seeing the first signs of a long-term trend.

Bitcoin Is Coming to Cardano’s Lace Wallet

Cardano’s founder Charles Hoskinson recently revealed significant updates focused on bridging Bitcoin with the Cardano network. Bitcoin support is being directly incorporated into Cardano’s flagship Lace wallet by the team. It will be released soon, and it will allow Bitcoin owners to access DeFi applications directly through ADA without having to convert.

The introduction of support for Bitcoin into the Lace wallet is less of a technical development than a strategic decision to onboard Bitcoin users into the DeFi market. Hoskinson underscored that through the update, users will only need a click to enable Bitcoin-based DeFi functionality. Lace is looking to provide a simple user experience for both new and seasoned investors, reducing DeFi entry barriers as well as expanding investment horizons through portfolio diversification.

Cardano’s Midnight Project Focuses on Privacy and Identity

During a recent interview, Hoskinson also elaborated on Cardano’s ambitious Midnight project, designed to facilitate private smart contracts as well as richer identity capabilities. This project is intended to pave the way for interoperability between leading blockchain networks such as Bitcoin, Ethereum, and Solana.

Midnight’s hybrid decentralized applications (DApps) will be seamlessly integrated without interrupting user experiences across current platforms. Cross-chain interoperation can place ADA as a leading participant in the transforming blockchain environment with privacy-focused offerings as well as mature multi-chain interconnectivity.

Cardano 40% Rally: Trump’s Reserve Plan + Hoskinson’s Bitcoin Integration

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  • Cardano retraces to $0.92 support, a normal move after recent price surge.
  • ADA may consolidate near $0.92 before another pump.
  • A break above $1.32 could propel ADA to a new all-time high.

Cardano’s ADA is among the major altcoin gainers, posting an impressive 40% rally in just 24 hours and hitting $1 after over a month. The unprecedented surge coincides with U.S. President Donald Trump’s announcement of the Crypto Strategic Reserve that would include ADA, Solana (SOL), XRP, and Bitcoin.

Speculation surrounding Cardano reached a fever pitch after founder Charles Hoskinson hinted that the token may be integrated into this reserve, allowing Bitcoin transactions while using ADA’s gas fee. This development could significantly enhancing ADA’s utility, and driving its adoption at levels not seen in the history of the Cardano network.

Cardano
Cardano 40% Rally: Trump's Reserve Plan + Hoskinson's Bitcoin Integration 3

Technically, the 8th-ranked token has retraced to retest the crucial support area around $0.92. Such a move is considered perfectly normal after its recent explosive price surge. This retracement provides an opportunity for ADA to consolidate, potentially establishing a new base before its next upward movement. Traders anticipate ADA may remain within this support range for a few days, allowing for market stabilization and accumulation.

The key level to watch is the previous high of $1.32. A clean break above this resistance could signal a strong continuation of the bullish trend, propelling ADA toward a new all-time high. Traders should watch out for volume, which remains a key factor in confirming any future price movements. A surge in trading activity is expected to accompany a successful breakout.

Technical Indicators Flash Mixed Signals for Cardano

Looking at the technical indicators, the day-old chart suggests a period of consolidation before a potential upward move. The RSI (Relative Strength Index) at 42.96 indicates that ADA is not overbought, leaving room for further growth.

On the other hand, the SMA (Simple Moving Average) lines also fit the recent price correction, with the 5 SMA crossing below the 50 SMA, signaling a short-term bearish trend. However, this could be a temporary pullback before a resumption of the overall bullish momentum.

Investors are closely monitoring ADA’s ability to hold the $0.92 support and break above $1.32. The outcome will determine whether ADA enters a prolonged consolidation phase or embarks on a new rally toward uncharted territory.