Cardano (ADA) traded in a narrow range on Sunday after a turbulent week for the cryptocurrency market.
Notably, over the past seven days, the token declined by almost 4% despite selling pressure weighing down on major digital assets.
Meanwhile, on Thursday, Matt Wallace, host of Angry Crypto Show, highlighted remarks from analyst Jayson Casper, who pointed to Cardano’s underlying strength despite recent price weakness.
According to Casper, Cardano continues to have solid fundamentals that could support significant upside over the long term. He added that he could envision a future where ADA reaches $5, suggesting the blockchain’s development and ecosystem growth remain important drivers beyond short-term market fluctuations.
Notably, the optimistic outlook comes as many investors continue to debate whether Cardano can regain the momentum that once made it one of the largest cryptocurrencies by market capitalization.
 
Additionally, analyst Celal Kucuker expressed confidence in Cardano’s prospects, predicting the token could establish a new all-time high around $5.
The analyst noted that ADA is currently trading within what he described as a “bottom zone,” while the weekly Relative Strength Index (RSI) is showing bullish divergence, a pattern some traders interpret as an early signal that selling pressure may be weakening ahead of a potential reversal.
Although technical signals do not guarantee future price movement, bullish divergences have historically attracted attention from traders looking for possible trend changes.
Moreover, crypto analyst Alexander Legolas pointed to the growing activity surrounding Surf, a lending protocol built on Cardano. According to Legolas, Surf recently generated more than 63,000 ADA in protocol fees over a two-week period, with those rewards distributed to SURF token stakers.
He argued that this revenue model differs from traditional staking rewards, which gradually decline as blockchain emissions decrease. Instead, protocol-generated fees have the potential to grow alongside user activity, particularly as Surf prepares to launch its V2 upgrade aimed at expanding lending volumes and network usage.
Furthermore, the analyst noted that increasing decentralized finance activity could strengthen Cardano’s long-term value proposition by creating sustainable ecosystem revenue sources rather than relying solely on token issuance.
He further dismissed claims that Cardano has permanently lost its relevance, drawing comparisons with previous market cycles involving other major cryptocurrencies.
He pointed to XRP, which spent years trading below its previous record high during Ripple’s legal battle with the U.S. Securities and Exchange Commission before staging a strong recovery after regulatory uncertainty eased.
He also referenced Solana, which dropped below $10 following FTX’s collapse before rebounding dramatically during the next crypto bull market.
According to Legolas, market sentiment often reaches peak pessimism before major recoveries. He believes Cardano’s ongoing development, including upgrades such as Leios and expanding decentralized finance applications, could position ADA for a similar resurgence if broader market conditions improve.
At press time, ADA was trading at $0.1622, reflecting a 0.31% drop in the past 24 hours.
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