Cardano (ADA) prices have experienced a significant shift in market sentiment over the past few days, indicating a potential bullish reversal. After a deep correction throughout Q1, ADA rebounded sharply by over 20%, partially recovering lost ground. However, risk models suggest the Cardano bull run hasn’t yet fully begun despite the recent price surge. Recent attempts to break above $0.817 were unsuccessful, as bears quickly dragged prices back down below that level. Now the question remains: will ADA reclaim its historical high of $1 by May 2025 or continue to consolidate below $0.8? 2024 saw a brief surge above $1.33 for ADA, but it has failed to break through the descending trend since then. However, recent attempts to break above these levels have been met with rejection, leading to the current breakout. Will this new momentum continue or will another rejection bring prices down? 2023 saw a significant rebound from lows below $0.25 for ADA. Since then, volatility has increased significantly. The token’s price broke through its long-held 200-day moving average (MA) for the first time in years. Furthermore, the 50/200-day weekly MA is on the verge of a bullish crossover – a historic occurrence. Finally, the Commodity Futures Market Index (CMF) has triggered a bullish divergence from its lows. This historical pattern suggests a strong upward price movement and a potential surge exceeding $3 in the coming weeks, should the levels hold above $1.25.