Cardano’s Price Surge: Will ADA Hit $1.20 with MoonBull Momentum?

Cardano’s price has been steadily climbing, surpassing key support levels and attracting renewed attention from institutions and developers. This momentum is fueled by the success of the Moonbull presale and rising interest in DeFi applications. 7-day price movement reflects a strong +9.29% gain this week, showcasing increased capital flow into ADA. Experts attribute the recent surge to expanding DeFi capabilities and growing institutional investment. As of now, ADA trades around $0.8692 with a market cap near $31.13 billion.