This morning, Cardano (ADA) price surged to $0.86, with a cumulative increase of about 6% over the past week. On-chain data shows a significant increase in staking activity, and with the successful upgrade of the hard fork 'Plomin' and the advancement of a series of new collaborations, the community atmosphere is becoming optimistic. The market generally predicts that ADA is expected to reach the $1 mark by the end of 2025.

Several analysts pointed out that since the beginning of 2023, ADA has been steadily operating along a clear upward channel. Whenever the price touches the lower edge of the channel, a strong rebound occurs. This current trend is re-emerging, and it is expected that the ADA price has the potential to hit $2.40. #ADA