Cardano is testing its 20-day SMA after a strong rebound, but a break above the upper Bollinger band must ensue to extend the recovery. Today, Cardano is holding a strong intraday tone after an aggressive upward push, trading near the top of its session range.
A recent price resurgence has sparked speculations that Cardano has bottomed and would only see higher prices from its current level. Cardano (ADA) rallied the most among the top 10 cryptocurrencies by market cap over the past 24 hours, rising 14% to trade at $0.445.
Long-term Cardano investors could realize substantial gains if ADA achieves a $1 trillion market cap. At the time of writing, Bitcoin remains the only crypto asset with a market cap exceeding $1 trillion.
Cardano founder Charles Hoskinson has shared a playful yet symbolic image on X to promote his vision of uniting blockchain ecosystems through Cardano’s technology. Indeed, Hoskinson is not relenting in his quest to unite the broader crypto industry.
A popular Cardano community figure has shared an extremely bullish outlook for ADA, predicting that the token could surge into double digits in 2026. As 2025 winds down, many crypto analysts have begun releasing their forecasts for the new year.
Upward momentum is building for Cardano, and an analyst has shared the possible target if the current bullish structure matures. Cardano (ADA) is back above $0.43, mirroring a broader crypto market recovery.
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