Cardano’s recent price surge, reaching a new high of over $0.79 USD, reflects growing bullish sentiment in the market. This uptrend, seen as a positive sign by analysts, is fueled by increasing DeFi activity and anticipated institutional interest in altcoin ETFs. 9th-largest cryptocurrency by market cap, Cardano (ADA) is displaying strong performance with its price showing weekly gains of 6%. A prominent analyst predicts ADA could reach $1 USD in the near future if resistance levels are overcome. Ali_Charts, a pseudonymous crypto analyst shared a bullish outlook on Twitter, predicting a potential price target of $1 for ADA based on his technical chart analysis. He believes that breaking above the $0.81 resistance level will be crucial to achieving this goal. Should ADA break through this barrier, it could signal a shift towards larger gains and lead investors to target the $1 mark. While recent trading has seen a dip below $0.80, the possibility of a rebound remains high with the bulls holding strong against significant selling pressure. 45% increase in spot ETF odds since January suggests rising institutional interest in Cardano ETFs, which could further boost ADA’s price, mirroring the success seen with Bitcoin and Ethereum.