• Cardano (ADA) has surged over 16% in a week, breaking $1 and hinting at a potential 300% rally to $4.
• With ADA breaking all major SMAs, rising trading volumes, and strong market sentiment, its bullish momentum faces $1.26 resistance.

---

Cardano (ADA) has been gaining significant attention, with its price gaining a notable 12% in just 24 hours, breaking past the $1 mark. Over the past week, its value has jumped more than 16%, catching the attention of both seasoned investors and crypto newcomers. Analysts are eyeing a potential rally of 300%, which could see ADA soaring to $4 in the coming weeks.

This sudden surge resembles patterns from 2021 when ADA underwent a massive bull rally. Crypto analyst Ali Martinez points to striking similarities between the current technical setup and ADA’s performance from late 2020 to mid-2021. During that period, Cardano experienced a sharp ascent, further fueling speculation that history may repeat itself.

Cardano Breaks All Major SMAs — Bullish Signal?

Adding to the optimism, Cardano recently surpassed its all 50, 100, 200 days Simple Moving Average (SMA), a key indicator often seen as a bullish signal. With this breakthrough, Cardano’s next major hurdle is the $1.26 mark, which could further solidify its upward trajectory.

The SMA serves as a crucial milestone in Cardano’s journey, reflecting growing interest from buyers. Historically, breaking past this threshold has often triggered sustained price growth. However, resistance levels around $1.26 might test the strength of this rally.

ADA’s current price action has been accompanied by increased trading activity. According to Coinglass data, its daily trading volume rose by 21.50% to $1.30 billion, and open interest grew 26% to $940 million. Notably, short liquidations in the past 24 hours surged to $3.93 million, highlighting market optimism.

Market sentiment is riding high, but questions remain. Can Cardano maintain this momentum, or will bears push back? The next few sessions will be critical in determining ADA’s ability to capitalize on recent gains.

Hoskinson’s Vision for Cardano

Cardano founder Charles Hoskinson has shared his bullish vision for ADA, pointing to unprecedented growth opportunities by 2025. A major catalyst is the potential integration of Bitcoin DeFi through the BitcoinOS network. Hoskinson believes this could inject billions of dollars into the Cardano ecosystem, leveraging Bitcoin’s liquidity and functionality.

At the same time, Hoskinson remains focused on advancing decentralization within the Cardano network. He emphasized his commitment to removing barriers in this transition, stating: 

There is no way in hell anyone or thing is going to derail that process.

Hoskinson stance highlights ongoing debates over governance and control within the Cardano Foundation, signaling potential long-term bullish implications.

Cardano’s rise isn’t happening in isolation. As the broader crypto market recovers, altcoins like ADA are leading the charge. Analysts project that the altcoin market cap could reach $7 trillion by 2025, which aligns with Cardano’s potential 300% rally.