Cardano surges 11% in 24 hours – Could ADA ignite a major breakout?
- 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?
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.
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.