Cardano appears to be striving for a bullish surge, but prevailing market sentiments aren't favoring most cryptocurrencies currently. Bitcoin, the dominant player, is on a downward trend, as is Ether, while ADA is struggling among the trading charts.

However, two key factors could propel ADA back to its peak: investor confidence and increased buying activity. Investor confidence, reflected in longer-term holding patterns, suggests a shift away from selling pressure, while a surge in buying indicates anticipation of potential gains.

Despite current challenges, there's optimism that ADA may rebound, especially with predictions placing its value at $0.97 by year-end. Ultimately, Cardano's bullish breakout hinges on investor sentiment.