Cardano Rockets Toward $1.20: The Bull Run Nobody Saw Coming

Cardano's native token ADA is defying gravity—again. After weeks of sideways action, the 'Ethereum killer' just punched through resistance levels like a hot knife through institutional FUD.

Why the sudden surge?

Market whispers point to accumulation by smart-money traders who—shockingly—actually read the project's peer-reviewed research before apeing in. Meanwhile, retail investors remain distracted by meme coin casinos.

The $1.20 question

Technical charts now show a clear path to the psychologically crucial $1.20 level. If ADA holds above $0.85 this week, we could see a full-blown FOMO rally. Just in time for another 'altseason' that'll make hedge funds pretend they understood blockchain all along.

Of course, in crypto, what goes up usually comes down harder. But for now? The bulls are running—and even the stodgiest TradFi analysts are quietly recalculating their 'worthless digital token' price targets.

In brief

• Cardano is up 29% in a week and is testing key resistance at $0.749.
• A breakout could send the price toward $0.90 or even $1.20, analysts say.
• Founder Charles Hoskinson predicts a “gigachad bull run” with trillions entering altcoins.

Key resistance test underway

The recent rally brought Cardano face-to-face with a crucial technical level: the 200-day simple moving average. This level now acts as immediate resistance at $0.749. The coin briefly broke past it with a spike to $0.777 on Friday, but sellers forced a retreat. If ADA can break and hold above this resistance, analysts suggest the next targets lie at $0.90 and even $1.20.

Analyst targets $1.20 for ADA

Crypto analyst Ali has a bullish prediction: “Cardano (ADA) is breaking through a key resistance level, opening the door for a rally to $0.90-$1.20.” A breakout WOULD be the start of a broader recovery for Cardano, which has been stuck in consolidation for months.

Charles Hoskinson: “Gigachad bull run is coming”

Cardano founder Charles Hoskinson is fuelling the optimism. He had a bold forecast on X. On the day Bitcoin surged above $118,000, he wrote: “Remember I said the gigachad bull run is coming. We are going to see $250,000 Bitcoin and trillions enter the space for the alts.”

Altcoin momentum growing

Hoskinson credits upcoming U.S. crypto legislation, specifically the GENIUS and CLARITY Acts, as potential catalysts for this massive influx of capital. At the same time, the cardano ecosystem continues to grow. Improvements in governance, an expanding developer base, and sustained development activity could all set the stage for ADA to shine in the next leg of the market cycle.

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