Cardano (ADA) is showing renewed strength in the crypto market, with its price action signaling a bullish trend that could soon push the asset above the $1 mark. After rebounding from recent lows near $0.60, ADA has surged steadily, bolstered by increasing trading volume and clear signs of whale accumulation. With market sentiment turning increasingly positive, many analysts now believe that Cardano may be on track to close the monthly trade above $0.85 — a critical threshold that could unlock a path toward $1 and beyond.

Over the last few days, ADA has shown an impressive recovery, climbing out of a local downtrend to form a healthy ascending pattern. A key driver of this rally has been activity in the ADA/JPY trading pair, which has soared in volume to become the second-highest traded ADA pair globally over the past 24 hours. This suggests a surge in demand from Japanese investors, who appear to be contributing significantly to Cardano’s current price momentum.

This shift in momentum is not limited to retail traders. On-chain data reveals that large holders — often referred to as “whales” — are entering the market aggressively. These high-net-worth investors have started accumulating ADA in anticipation of a breakout, with many opening long positions targeting a liquidity zone around $1.15. This activity is typically interpreted as a sign of growing institutional confidence, often a precursor to broader price movements.

A similar pattern of whale accumulation was seen earlier when Cardano was trading below $0.40. That wave of buying activity preceded a strong breakout, and analysts believe the current wave could have a similar effect. Technical indicators also support this view, as ADA continues to challenge the upper resistance line of a long-standing descending channel. Although bears still hold some influence, the broader trend is showing signs of reversal.

Adding to the optimism are the signals from Cardano’s moving averages. The weekly MACD (Moving Average Convergence Divergence) is on the verge of a bullish crossover, and the 50-day and 200-day weekly moving averages are aligning in a manner that typically precedes strong upward momentum. The previous weekly candle was rejected at resistance, but the current candle has already bounced back into a higher range, signaling renewed strength and buying interest.

Despite still being within a descending channel — traditionally a bearish formation — the technical setup suggests that a breakout is becoming increasingly likely. With bulls reclaiming control of key support levels and pushing against resistance, the conditions appear ripe for a sustained move to the upside.

Market sentiment has been steadily building, with investors across the board showing growing confidence in Cardano’s near-term potential. If the current trajectory holds, ADA is expected to breach $0.85 soon, setting the stage for a strong monthly close and paving the way to retest the $1 level — a major psychological and technical milestone for the asset.

The bullish case for ADA is further supported by the broader market recovery. As overall crypto market conditions improve, assets like Cardano, which have strong community backing and active development, are often among the first to benefit. With its long-term fundamentals intact and short-term indicators pointing up, ADA is well-positioned to capitalize on the current momentum.

In summary, Cardano’s price action is aligning with growing market optimism and whale accumulation, indicating a possible breakout in the coming days. If ADA successfully breaks above $0.85 and closes the month strong, it could mark the beginning of a larger rally toward $1.15 — and potentially beyond — in the coming weeks.