Cardano’s Price Surge: Is a $1 Target Achievable?

Cardano (ADA) has been experiencing a significant upward trend, reaching an intraday high of $0.865 on May 12th. This rally comes after ADA reclaimed its crucial 50-day and 200-day Simple Moving Averages (SMAs), resistance levels it had previously held for weeks. 📈 This move signals a potential shift in momentum, with investors now aiming for the next target at $1.02 – coinciding with the March 5th high. A successful break above this level wouldn’t just be positive news for ADA but would solidify a sustained bullish trend for the cryptocurrency.