*** THIS IS NOT FINANCIAL OR INVESTMENT ADVICE ***
DYOR and don't take my word for anything.
In my honest opinion, Cardano is the most undervalued mainnet token on the market. Somewhere near 70% is already staked, leaving very little on the market to purchase in the first place. It's no surprise that 30% of the circulating supply is causing large price gains.
ADA will be sideways until it is happy at the ~ $1.40 - $1.50 price point. This is another example of the overall sentiment in the project, as it is resisting the market trend selloff of the past week. ADA could easily be at $4.00 by the end of the year if the Goguen rollout is deployed without issue.
Buy the dip and hodl bitches.