Cardano (ADA) has bounced back above 0.70 USD, generating positive sentiment among investors. The co-founder, Charles Hoskinson, indicates that February could hold significant developments, including possible partnerships with the US Treasury.

Despite Cardano’s recovery, macroeconomic factors like US CPI inflation data and geopolitical tensions may affect its momentum. Technical indicators suggest a possible rise towards 0.80 USD if market conditions remain supportive.