Cardano (ADA) is projected to surpass $3.50 during an anticipated Wave 3 rally, according to analyst Migoreng_wrap on TradingView. The cryptocurrency has been in a corrective phase since December 2024, with expectations that Wave 3 will break its previous all-time high of $3.10. Additionally, the Cardano Foundation's stablecoin initiative is viewed as a potential driver for DeFi expansion in 2025 and 2026, further supporting ADA's bullish outlook.