ADA price has witnessed a strong recovery since Wednesday, surpassing the $4,500 mark in recent days. Analyst speculation points to expanding DeFi applications and increased institutional investment as key drivers behind this surge. The cryptocurrency’s rally is evident in its notable push above the previous support level of $0.62, which held for two months before market capitulation from recent tariffs. This recovery may provide investors with confidence, attracting more liquidity. 24-hour price data reveals that ADA reached highs of $5.51, showcasing a significant jump. Key indicators like the MACD have shifted to bullish patterns with the MACD line crossing above the signal line. However, questions remain about whether this positive momentum will continue or if it will be followed by short-term profit-taking.