- Cardano (ADA) is showing strong bullish momentum with a potential 354% surge, backed by a breakout from a key triangle pattern and rising whale activity.
- Institutional inflows and real-world adoption, including Argentina’s first smart contract, further strengthen its upward trajectory.
Cardano (ADA) is turning heads once again as technical indicators and bullish fundamentals converge, setting the stage for a massive rally. Following a powerful breakout from a long-term triangle pattern, ADA is flashing strong upside potential—possibly climbing over 354%, according to market analyst Javon Marks.
“ADA (Cardano) currently has a breakout target in-between $2.70 – $2.91,” Marks noted. “With prices coming off of key volume as well as looking to be in a bull flag here, another major leg up toward these levels can be coming.” This bullish target puts Cardano within striking distance of its all-time high of $3.09, last reached in September 2021.
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ADA is currently trading around $0.72, showing a weekly increase of 17.2%, per CoinGecko. Open interest has spiked to $873.4 million, signaling growing confidence and liquidity in the market. On top of that, daily trading volume has surged 25.75%, further reinforcing the upward momentum.
Adding fuel to the fire, whale activity is on the rise, a classic signal of smart money accumulating in anticipation of a larger move. And it’s not just retail traders paying attention—institutions are piling in as well.
According to CoinShares, Cardano has attracted $63.3 million in inflows month-to-date, outpacing major players like Solana, Ethereum, and even Bitcoin. This level of institutional interest could be a game-changer for ADA’s long-term value proposition.
Cardano also made headlines recently by becoming the foundation for Argentina’s first legitimate smart contract, a major milestone that showcases the blockchain’s real-world utility and potential for adoption in emerging markets.
With a bullish technical setup, surging volume, rising institutional interest, and increasing global utility, Cardano appears to be laying the groundwork for a major breakout. If the current momentum continues, ADA could very well be on the path to reclaiming—and possibly surpassing—its former glory.
