Cardano (ADA) has been making some exciting moves lately. Its price has surged 47% in the last week, driven by significant whale activity and longer investor holding durations, reflecting strong market confidence .

Currently, ADA is valued at $0.83, with a 24-hour trading volume of $2.70 billion . Its market capitalization stands at $29.19 billion, with a circulating supply of 35.22 billion ADA .

In terms of recent developments, the Cardano Foundation has partnered with SERPRO to integrate blockchain into Brazil's public sector, focusing on education and enhancing government operations . Additionally, Grayscale Investments has applied for a Cardano ETF, which could potentially boost ADA's adoption and price .

Some experts predict that ADA's price could rally toward $0.99 if it holds the $0.85 support level, reinforcing bullish momentum . However, it's essential to keep in mind that cryptocurrency markets can be highly volatile, and prices may fluctuate rapidly.