Cardano's ADA surges 15% in 24 hours, analysts predict $100 target

Cardano's ADA has surged by 15% in the past 24 hours, positioning itself for further gains as the market shifts focus towards altcoins with strong fundamentals and promising technical indicators. Currently, ADA is trading at $0.7185, reflecting a 24% increase over the past week and solidifying its position as the 10th largest cryptocurrency by market capitalization at $25.4 billion.

Analysts are optimistic about ADA's potential, predicting that it could hit $100 in the future. This ambitious target is based on several factors, including ADA's recent breakout from a descending channel pattern and its status as a "Made in America" cryptocurrency, which was mentioned in President Trump’s strategic reserve list in March. The technical analysis suggests that ADA could reclaim the $1 psychological level in the short term and potentially reach a new all-time high above $3 in the medium term.

The ADA/USDT 2-week chart shows a strong bullish bounce from the crucial support region between the 0.618 and 0.786 Fibonacci retracement levels. Following a consolidation period and rejection wicks below $0.60, the Cardano price has surged to $0.7176, gaining over 22% in the latest candle formation. This indicates renewed buying interest among investors. The projected trajectory suggests a potential pullback before continuation, targeting a recovery wave toward key resistance levels at $0.9989, $1.2164, and ultimately $1.3795.

The Fibonacci structure adds to this bullish outlook, as price action reclaims levels above the golden ratio (0.618), increasing the probability of continuation if momentum remains sustained. Should bulls successfully defend the $0.65–$0.70 region during any minor retracement, ADA could enter a medium-term uptrend targeting the $1.00 psychological zone and higher levels. With broader adoption expected to accelerate in the coming years, a long-term move toward $100 ADA is no longer out of the question.