Cardano (ADA) in Epic Rally Phase as Bulls Fight to Breach $1

Cardano (ADA) remains in an uptrend as the digital currency sets a new pace for a pathway toward the $1 price target. Undoubtedly, the market is overheated. However, several analysts are optimistic that the price of Cardano will keep soaring and might hit the $1 level soon.At the time of writing, the price of Cardano was changing hands for $0.8426, up by 13.83% per data from CoinMarketCap. This price boom has positioned ADA as the highest gainer in the past 24 hours. 
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Cardano’s growth is boosted by sustained bull action, which has pushed the daily trading volume to $2.96 billion, up 77.53% in 24 hours. Earlier, Cardano scored its first golden cross for the year, proving the uptrend is imminent.This ambitious rally in ADA’s price stems from its daily low of $0.7238 to a high of $0.8466. The coin’s price has broken very tiny resistances within this tight range, especially at the $0.80 level.The ecosystem hype is high, with Cardano social mentions growing very fast. The price may respond to these sentiments; however, the tiny distance to the $1 mark might be an intense sell-off if old, profitable ADA holders choose to cash out their holdings.Cardano has the most intense whale activity among the mid-large cap altcoins, after Bitcoin. At the time of writing, data from IntoTheBlock pegs the large transaction volume north of $14.5 billion. With ADA whales fueling scarcity, the price of ADA is likely to beat any form of minute corrections along the way.
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