Now is the time to stock up on $ADA .

Cardano ($ADA ) price breakout

ADA has surged from $0.33 to $1.22 in just 30 days, marking a 181.5% increase. While it faced a minor correction in early December, the overall monthly trend remains strongly upward.

Additionally, IntoTheBlock data highlights a sharp increase in whale addresses holding 10 million to 100 million ADA during November, suggesting substantial accumulation by large players.

Bollinger Bands show widening, signaling heightened buying momentum. MACD shows a bullish crossover, with the MACD line crossing above the signal line, indicating upward momentum.

RSI at around 50 points to neutral momentum, with room for ADA to rise further before entering overbought territory.

Dan Gambardello, the founder of Crypto Capital Venture, has speculated that Cardano could surge to $3 if it were to receive favorable news, such as an exchange-traded fund (ETF) approval similar to the one XRP recently achieved.

Gambardello based his analysis on consistent patterns from previous market cycles and recent advancements in Cardano’s technology.

Using the Fibonacci indicator, some analysts suggest that the next major target could be above $2.4, which corresponds to the 1.618 Fibonacci level. If this level is breached, the 2.618 Fibonacci level at $8.30 might be the next key target.

Prominent analyst Ali Martinez thinks that the Cardano price is following a pattern similar to its 2020 performance.

If history repeats, the ADA price might potentially hit $6, according to Martinez.

Most analysts don’t see the ADA price gaining double-digit growth during this cycle. The $10 mark remains a long-term target. However, surpassing the ATH in 2025, trading above $3 seems realistic at this point