Usman Salis
Cardano's finally waking up from its long sleep. After grinding sideways for months, ADA just pushed past $0.89 with a solid 7% weekly gain, breaking decisively above its 50-week moving average at $0.756. This isn't just another false breakout - the momentum feels different this time.
What the Charts Are Saying
The buzz is building too. Analyst Sssebi is calling ADA one of the most undervalued projects in the top 10, with projections hitting $2-$3 over the next three to four months. That's bold, but the setup might actually support it.
The weekly ADA chart looks surprisingly bullish right now. We've got solid support building at $0.756 where that 50-week average sits, with a deeper safety net around $0.50 that's held multiple times before. On the upside, $1.00 is the obvious psychological target everyone's watching, followed by $1.40 where previous rallies topped out.
The RSI at 56 shows ADA's gaining steam without being stretched too thin - there's still room to run. Volume's picking up too, which suggests this isn't just retail FOMO driving things. If momentum keeps building, those $2-$3 targets start looking less crazy.
Why ADA Might Actually Pull This Off
Here's the thing about Cardano - it never stopped building. While other projects chased hype, ADA kept grinding on upgrades, expanding its staking ecosystem, and attracting developers with that academic approach everyone either loves or hates. The fundamentals are quietly solid.
If crypto sentiment keeps improving and money rotates into "undervalued" plays, ADA's positioned perfectly. It's got name recognition, real utility, and a price that hasn't gone completely nuts yet.
The path forward is pretty clear. Hold above $0.89 and use that 50-week average as a springboard toward $1.00. Break that psychological barrier and $1.40 becomes the next logical stop. From there, if the stars align and broader crypto markets stay hot, those $2-$3 targets could actually hit.
But there's always a flip side. Drop below $0.75 and this whole thesis falls apart, probably sending ADA back to test that $0.50 floor again. For now though, everything's lining up for what could be ADA's biggest move in years.
Usman Salis
