Cardano (ADA) is showing renewed bullish momentum, gaining over 17% in the past week and trading near $0,719. With technical indicators flashing strength and whale accumulation accelerating, analysts are now watching for a potential breakout that could push ADA toward $1–or even as high as $4 under favorable market conditions.

Golden Cross and Momentum Indicators Turn Bullish

ADA is on the verge of forming a golden cross–a classic bullish signal where the 50-day moving average overtakes the 200-day moving average. The Bollinger Band Trend has turned positive, and the Directional Movement Index (DMI) shows a rising Average Directional Index (ADX), reflecting strengthening upward momentum.

Bitrue analysts note that these signals are aligning with broader altcoin optimism, suggesting ADA may be preparing for a significant move upward if key resistance levels give way.

Whales Accumulate as Sentiment Improves

Over $16,000,000 worth of ADA has moved into cold wallets–a common sign of long-term holding conviction among whales. This shift follows a 14-month low in whale activity and is viewed by many as a bullish reversal signal.

Cardano’s community-driven growth and consistent ecosystem development continue to strengthen its long-term appeal among retail and institutional investors alike.

Targets Set at $0,77, $1,10–and Possibly $4

Current resistance levels are identified at $0,77 and $1,10. A breakout above these could propel ADA toward the $1,00 milestone, with some analysts suggesting targets as high as $4 if bullish momentum persists and macro conditions remain supportive.

With ADA up 5,20% in the last 24 hours and 17% on the week, market sentiment is tilting bullish. As Bitcoin trades near $94,000 and altcoins attempt to recover, Cardano is emerging as one of the strongest performers–and a potential leader in the next leg of the altcoin rally.

See also: Uniswap Price Forecast–Is a Breakout on the Horizon?