Cardano Price Smashes $1 After 20% Daily Jump, Eyes on $2 Next

Cardano ($ADA) has made an impressive comeback, climbing over 20% in the last 24 hours to cross the $1 mark for the first time in months. The move was much-needed because investors were waiting for a clear bullish signal from the token.

In the past day, $ADA’s price surged from $0.8454 to $1.01, showing strong buying interest. This breakout could be a start of a more sustained rally, especially since Cardano has been steadily climbing since its June low. The upward trend has held firm through recent market fluctuations.

What’s Next For $ADA?

From a technical perspective, $ADA’s next important resistance lies between $1.17 and $1.18. This range also aligns with a trendline that had previously capped price gains around $0.95, which $ADA has now successfully overcome. If the token stays above this zone, it could target the $1.24 to $1.43 range in the short term.

One analyst has said that the current rally could be part of a larger upward wave that might eventually push $ADA toward $1.70, and in a highly bullish case, even $2.30. However, such targets would require continued bullish trend and favorable overall market conditions.

Bulls vs Bears

Sudden price jumps often attract quick profit-taking, which can lead to sharp pullbacks. That makes the $1 level an important level to watch, if $ADA holds above it, buying pressure may increase, supporting the next leg up.

For now, Cardano has successfully regained a psychological level, and the coming days will be critical in determining whether it can build on this strength. If bullish momentum continues, $ADA could be preparing for its strongest run in over a year.