Crypto
Cardano rebound hinges on bitcoin breaking above $86,000, analysis says
Cardano is holding around a long-term support level near $0.25, but whether it turns higher depends on bitcoin breaking above its 55-week exponential moving average near $86,000, an analysis said. Market analyst Drini said Cardano and the broader altcoin market remain closely linked to bitcoin, though Cardano may react with a lag. The analysis also cited internal disputes in the Cardano ecosystem as a remaining variable.
