Cardano's price is experiencing a sustained bullish period, marking five weeks of continuous gains in 2023. This upswing results from a broader crypto bull run and significant whale accumulation, which refers to large investors purchasing substantial amounts of ADA.

Currently, ADA's bullish momentum appears to be waning. However, market analysts speculate that the cryptocurrency has the potential to surge by 165%, which could see it retest its all-time high of $3.10.

The situation presents an interesting prospect for Cardano investors watching closely as the conditions driving the price changes unfold.