Cardano's ADA token saw a notable increase of 12% in the last 24 hours, reaching above $1 for the first time in three weeks. This surge occurred despite Bitcoin remaining relatively stable, which influenced the wider crypto market. Analysts anticipate further growth for ADA, potentially up to 30%, in light of expected fundamental developments over the coming months, including enhancements to Cardano's scalability and interoperability. Technical indicators support this bullish outlook, with ADA's price surpassing a significant trendline after a four-week pullback, indicating a potential return to previous highs of $1.32. The price action is buoyed by a bullish crossover in the MACD indicator and a positive trend in the RSI, both suggesting continued upward movement for ADA. Traders expect that the broader market will remain rangebound until late January, with an anticipated shift towards upward momentum starting in February as new leadership takes office.

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