Cardano’s [ADA] bullish momentum could push its price onto $3

The bulls were seen staying in the crypto market for the weekend. Cardano [ADA], Solana [SOL], Dogecoin [DOGE], and an array of other assets were seen riding the bullish wave. Solana was the brightest shining star as it hit an all-time high once again this week. The coin’s next stop could be $100, the community speculated. The asset even climbed up the crypto ladder and stood as the 8th largest cryptocurrency.

Bitcoin [BTC], on the other hand, was close to hitting $49K. The persistence of the existing bullish notion could push the asset on to $50K. Additionally, the market cap of the king coin hit $920 billion.

Cardano [ADA] pushed Binance Coin [BNB] down to the fourth position and took over as the third-largest cryptocurrency. At press time, the market cap of the altcoin was at a high of $91.85 billion. The asset could soon hit a three-digit market cap.

After garnering gains of about 15% throughout the week, the asset seemed to be on its way to $3. During the time of writing, ADA was trading for $2.84 with a 4.22% surge over the last 24-hours. Cardano’s [ADA] price rise over the last couple of weeks was significant and the asset was lauded for this surge.

Cardano [ADA] one-day price chart on Binance

The one-day price chart of ADA revealed that the bulls were still in its market. The Bollinger Bands indicator was seen diverging which further suggested an increase in volatility, This could be highly beneficial for any asset particularly during a bullish market. The MACD line remained over the signal line in a bullish crossover. The asset has maintained this streak since the beginning of the month. The bulls could certainly push ADA onto $3 if they stayed longer in its market.

Furthermore, the Relative Strength Index [RSI] indicator stayed in the overbought zone.