🪙 Altcoins: Cardano News

Cardano (ADA) surged 4.2% on June 28, breaking above the $0.38 resistance that has capped its rally since early May. The gain aligns with a broader rally among large‑cap cryptos, driven by renewed risk appetite significantly after the U.S. Federal Reserve signaled a possible pause in rate hikes. Lower‑than‑expected inflation data in the Eurozone also eased concerns about tightening monetary policy, supporting speculative inflows into altcoins that offer high staking yields. On the same day, Cardano activity rebounded after the Yoroi wallet sync issue was resolved, with active addresses climbing 12% and transaction volume rising to $45 million, according to TradingView data. Technical analysis shows ADA holding key support at $0.35 as sellers lose momentum, suggesting a bullish bias.