Cardano (ADA) has seen a significant 14.38% increase in one day, trading at $0.73, with trading volume soaring to $2.85 billion, signaling positive market sentiment.
Analysts predict Cardano's potential to breach $2, with a possibility of tripling in value if bullish momentum persists.
The cryptocurrency is testing the 50-week EMA, historically leading to substantial gains of up to 212%, with a next target of $1.77 in its current bullish trend.
Positive market signals for ADA include a healthy RSI of 71.08, indicating potential for further price growth, and a bullish MACD trend supporting continued upward momentum.