- Cardano led the market with double-digit gains as Bitcoin’s dominance stumbled ahead of the CPI data
- Is this just a relief rally – or the start of ADA’s big comeback?
After a week of FUD, momentum is back in the crypto market, with altcoins outshining Bitcoin by 2x or even 3x. Leading the pack, Cardano [ADA] soared by 11% on the charts and hit a weekly high of $27 billion in market cap.
Is this the first step in ADA’s run to reclaim $1 or just a momentary squeeze?
The ADA dilemma
February kicked off bearish for cryptos, with Trump’s tariff plan shaking the markets. However, ADA took the hardest hit. It lost the $0.80 support for the first time in three months, plunging by 30% in just two weeks.
Then came the reversal. With the RSI at a six-month low, buyers rushed in, catching $2.58 million in shorts off guard. The result? ADA’s biggest daily surge in a month, spiking by 10% in a single day.
Now, with Bitcoin’s dominance slipping and Cardano’s volume soaring by 50% to $1.2 billion, it looks like ADA is set to capitalize as investors rotate into high-caps ahead of the CPI data drop.
But $0.87 stands as the breakout barrier. With momentum surging, is ADA gearing up for a sustained rally, or is this too much, too fast?
Source: TradingView (ADA/USDT)
Cardano’ long-term outlook
Hype or real momentum? Cardano’s 11% surge may seen promising, but AMBCrypto’s analysis revealed that it might be too soon to bet on a breakout to $1 just yet.
Key metrics highlighted a mixed picture. While volume and daily active addresses have ticked up, ADA wallets remain stuck at just 10k – Far below the 100k seen during its last surge.
Source: Santiment
The real test? Sustained buying pressure in the coming days. Without it, this rally could fade as quickly as it started. Meanwhile, whale accumulation remains sluggish, raising the question – Are the big players still waiting on the sidelines?
Read Cardano’s [ADA] Price Prediction 2025-26
While ADA’s double-digit surge has rewarded HODLers, the absence of strong bullish signals raises doubts. If buying pressure fades, profit-taking could kick in, turning this breakout into just another fleeting hype cycle.
