<ul data-eligibleForWebStory="false">Cardano's price has surged by nearly 30% in a week, peaking at $0.777 but facing resistance at the 200-day M.A.Traders are hopeful for a breakout towards $1.22, with the cryptocurrency showing signs of strength and potential.The Cardano Foundation launched Reeve, a financial reporting tool, contributing to the price rally.Charles Hoskinson, the founder, predicts significant capital inflows into altcoins, potentially fueling a broader rally.