Cardano Price Breaks $1 After 20% Surge – Analysts See Path to $3

Cardano (ADA) has delivered a powerful breakout, rallying more than 20% in the past 24 hours to trade above $1 for the first time in months. The token climbed from $0.8454 to $1.01, breaking a key psychological level and signaling renewed investor confidence.

This move comes after months of gradual recovery from its June low, with the latest rally pushing ADA to a five-month high. Analysts attribute the momentum to a combination of strong technical signals, including a Golden Cross, when the 50-day moving average crosses above the 200-day moving average, often seen as a bullish catalyst.

Historically, Cardano’s last Golden Cross in late 2024 sparked a 236% surge in just 27 days. If history repeats, ADA could target between $2.80 and $3.00 in the coming month.

Technical Breakout Points to Higher Targets

From a chart perspective, ADA’s immediate resistance lies between $1.17 and $1.18. Clearing this zone could pave the way to the $1.24–$1.43 range, with some analysts suggesting a possible run toward $1.70 and even $2.30 in a highly bullish scenario.

Support remains strong at $0.84, where the short-term moving average aligns with recent consolidation levels. Traders are also watching the $1.01 mark closely, as a sustained hold above this level could trigger further buying pressure and algorithmic trading activity.

Momentum indicators back the bullish outlook, Cardano’s RSI sits at 74.26, signaling strong demand, while the MACD shows a wide bullish divergence. Although technically overbought, ADA has room to extend gains if market sentiment remains favorable.

Analysts Eye $3 – But Risks Remain

Crypto strategist Deezy believes ADA is “quietly gearing up” for a major run, with $3 possible if momentum builds. Other market watchers point to a bullish flag breakout pattern that could support a 100–150% rally in the coming weeks.

However, risks remain. Overbought conditions could trigger profit-taking, and a drop below $0.84 would weaken the bullish case. Broader crypto market corrections could also slow ADA’s climb.

For now, Cardano’s return above $1 has set the stage for its strongest rally in over a year, with medium-term targets of $1.18–$1.25 in focus and longer-term speculation pushing as high as $3. The coming weeks will be crucial in determining whether ADA can sustain this momentum and secure a new cycle high.