Cardano (ADA) has made a notable move this week, breaking through long-term resistance levels and sparking excitement among traders and analysts. Lark Davis, crypto analyst, highlighted the breakout as reminiscent of past surges that saw ADA rally over 200%, prompting questions about whether history could repeat itself in 2025. The token briefly touched $1 before retracing slightly, but still trades nearly 85% higher than its June lows, indicating strong accumulation and a positive market sentiment. However, indicators like the RSI nearing 71 suggest overbought conditions are present. Analysts expect near-term consolidation around the $0.90 or $0.84 levels before ADA can continue its upward trajectory. But traders remain focused on whether it can sustain prices above $1. Market context and trader sentiment are driving this excitement. Tap Tools, a blockchain analytics platform, compared the current ADA movement to past bull runs, noting similar bullish setups. Recent market volatility has seen some investors shifting their focus towards other assets, but Cardano’s position remains strong. Notably, large holders have increased their ADA holdings significantly, adding over 120 million tokens. Futures market data also shows an increase in open interest, indicating heightened speculation on further upward movement. The momentum is fueled by the network’s upcoming upgrades like Hydra for scalability and Project Acropolis for node performance. These advancements are expected to boost efficiency, attracting more developers. Institutional adoption remains a key focus point, with discussions surrounding the potential launch of a Cardano exchange-traded fund gaining traction, possibly receiving commodity classification approval by 2025. This would open new investment avenues and increase liquidity. Cardano’s progress extends beyond tech improvements as global initiatives like Atala PRISM identity solution deployment in Ethiopia’s education sector further strengthen its expansion and growth prospects.