The cryptocurrency market is showing signs of positive growth, with Bitcoin hitting a new high above $83,000 and Ethereum’s price surging past the $4,500 mark. Cardano (ADA) has also seen a notable increase in value, currently sitting around $0.6268. An insightful video from Kris Does Crypto on YouTube suggests an imminent market bull run may be underway. The creator attributes this optimism to decreased trade wars and growing institutional investments. Analysis of Cardano’s technical indicators is mixed; while the RSI indicates a neutral market position, the MACD signals downward movement, while ADX shows weak directional trends. However, according to Kris Does Crypto’s analysis, ADA needs to overcome several hurdles to reach $2 – including breaking through resistance points around $1 and the 200-day EMA. Kris emphasizes that the underlying developments of Cardano will be crucial for its price trajectory.