Cardano's native cryptocurrency, ADA, has experienced a remarkable surge, breaking through the $0.49 barrier. This sudden increase has brought welcome relief to Cardano addresses holding a total of 2.71 billion tokens, which have now reached break-even point after initially incurring losses due to ongoing price drops. Currently, ADA is trading at $0.48, showing a minor 0.38% decrease over the last 24 hours.

According to on-chain data from Into The Block, Cardano addresses that purchased ADA at an average price of $0.47 have finally achieved break-even. This development indicates that these investments will yield returns if the market continues its upward trend. Moreover, if the price successfully maintains its position above the $0.46 level, it is likely to sustain its positive momentum.

Notably, the ADA/BTC pair has hit rock bottom, leading experts to believe that Cardano is poised for a rebound. Renowned crypto analyst Sebastian has identified several positive indicators for Cardano (ADA) relative to Bitcoin (BTC). The ADA/BTC chart appears to have bottomed out, suggesting a potential bullish turnaround. The pair recently touched a low of 0.00000680 on May 16 but has since experienced a revival, increasing by 0.28% to 0.00000723 within 24 hours.

Sebastian has also highlighted the presence of a bullish divergence, a technical signal indicating a possible easing of the downtrend and an impending price increase for Cardano. A key resistance level has been established above 0.0000079, and if ADA can break through this barrier, it could trigger a prolonged surge, making it an attractive option for investors seeking to maximize gains.