Cardano’s ADA token has surged past the $1 mark, achieving a 13.63% increase in the past 24 hours and leading gains among major cryptocurrencies. This marks a three-week high for the token, with analysts predicting further potential gains of up to 30%. The rally, which occurred without a major catalyst, is supported by technical indicators such as bullish MACD and RSI crossovers. Additionally, the Cardano protocol is expected to benefit from upcoming developments, including improvements in scalability, network performance, and interoperability, as well as the expansion of its decentralized finance (DeFi) ecosystem. Resistance levels are identified at $1.10 and $1.2430, while support is seen at $0.95. Analysts also highlight a potential re-test of the December 3 high of $1.32. Broader market conditions, including rangebound trading in Bitcoin, have influenced ADA’s performance. The CoinDesk 20 index, tracking major tokens, rose 1.57%.