#ADA Cardano (ADA) is currently trading at $0.62 with a 24-hour percent change of -2.99%. Here's what you need to know about its potential for big profits in the next bull run ¹:

- *Current Price*: ADA's current price is $0.62, with a market capitalization of $22.22 billion.

- *Resistance Levels*: To witness a strong bullish surge, ADA needs to overcome the $0.5150 and $0.540 resistance levels. A break above these levels could propel ADA towards $0.600, representing a potential 25% bull rally.

- *Bullish Sentiment*: Analysts have observed intense bull sentiments in Cardano's technical setup, with some predicting a price target of $5 based on the weekly logarithmic moving average convergence divergence (LMACD) buy signal.

- *Potential Targets*: Other forecasts suggest ADA could reach $3.10 in the near future, with some ultra-bullish scenarios predicting a price of $6.

*Key Levels to Watch*:

- *Support Level*: $0.500 is a crucial support level for ADA, and maintaining this level could indicate positive momentum.

- *Resistance Levels*: $0.5150, $0.540, and $0.568 are key resistance levels to watch for potential breakouts.

*Market Sentiment*:

- *MVRV Ratio*: Cardano's 30-day MVRV ratio is currently at -10.24%, indicating potential accumulation opportunities and a possible price rally