**Cardano Price Prediction: Massive ADA Pump as Altcoins Rally?**
Cardano (ADA) continues its bullish momentum this Wednesday, trading above its 50-day moving average (50DMA) at $0.6880. According to CoinMarketCap, ADA has gained over **3% in the past 24 hours** and **13% over the last week**.
This surge coincides with renewed optimism in the broader crypto market, spurred by escalating trade war tensions, which have boosted demand for decentralized assets. Bitcoin's recent rally past **$93,000**—its highest level since early March—is helping lift altcoins like Cardano.
### **Technical Outlook**
Popular crypto analyst **Ali_charts** noted that ADA recently broke out of a **pennant formation**, indicating a potential bullish continuation. His initial target is a return to **$0.77**. If ADA can break above its **late-March highs and the 200DMA** near **$0.75–$0.77**, it may quickly challenge its **early March peak around the $1.10 zone**.
### **Altcoin Season on the Horizon?**
Some experts now believe a new **altcoin season** may be forming. However, high inflation and a weakening US dollar are making retail investors cautious, particularly when it comes to high-risk assets like Cardano.
Analysts stress that a true altseason typically requires a favorable macroeconomic backdrop—such as **central bank liquidity injections** or strong economic growth. So far, **neither condition is present**.
The **US economy faces headwinds**, including potential recession risks tied to DOGE-driven government spending cuts. Meanwhile, **sticky inflation from tariffs** is keeping the Federal Reserve cautious, maintaining interest rates near **multi-decade highs (~5%)**. US bond yields remain elevated, and stock markets continue to struggle with recovery.
### **Conclusion**
While ADA's recent breakout is promising, **traders should remain cautious**. Without a more supportive macro environment, **chasing ADA above $1.00 could be risky**. However, if risk appetite continues to rise and broader conditions improve.#ADABullish #Cardano $ADA
