Why is Cardano (ADA) price up today?

From CoinTelegraph
November 8, 2024 02:04 AM:

ADA price has surged, breaking a multi-month downtrend and reaching four-month highs due to positive macro factors and technical indicators.

The price of Cardano’s ADA token has hit a four-month high after breaking a long downtrend, supported by positive macroeconomic factors and favorable technical analysis.

Read more at Cointelegraph: Why is Cardano (ADA) price up today?