Cardano's recent price surge can be attributed to several key factors:

1. Increased Whale Activity: There has been a notable uptick in large transactions, with 697 ADA whale transactions exceeding $100,000 and 37,892 unique address transactions—highs not seen since September 4.

2. Technical Breakthroughs: ADA has broken above a descending trendline, indicating a shift in market sentiment and suggesting the potential for further gains.

3. Positive Market Sentiment: The conclusion of the fourth annual Cardano Summit 2024 in Dubai has likely bolstered investor confidence, contributing to ADA's price appreciation.

These elements collectively have driven ADA's recent upward momentum in the cryptocurrency market.