Cardano Soars 22% as Weekly Trendline Crushed, Targeting New Highs Above $1.00

Cardano has experienced a remarkable surge of 22%, breaking through its weekly descending trendline and achieving new highs above the $1.00 mark. This bullish momentum is fueled by strong buying pressure, pushing ADA price from the $0.866 support zone to the $1.01 resistance zone. Analysts are optimistic about the potential for further gains, targeting levels of $1.13, $1.31, and $1.54 with $0.80 as a key invalidation point, while $0.866 stands as critical support.