Cardano’s ADA token has surged over 10%, breaking the $0.38 barrier after buyers pushed the price above the critical support level of $0.35. This uptick coincides with a broader rally in the cryptocurrency market, with Bitcoin also experiencing an upward trajectory, now trading above $90,200.
Market Overview: Cardano and Bitcoin Surge
- Cardano’s price has increased by 10% to surpass $0.38.
- ADA aims for a breakout towards $2.
- Bulls are looking to leverage key catalysts in 2026.
The recent upward movement of Cardano follows a positive trend in the cryptocurrency market. Bitcoin has gained approximately 2%, trading above $90,000, setting a favorable backdrop for risk appetite in digital assets. Other major altcoins have also seen significant gains, with Ethereum exceeding $3,100 and XRP surging to around $1.95, revitalizing sentiment towards Cardano.
Meanwhile, meme tokens are leading the daily gains with double-digit increases, as Pepe and Shiba Inu regain strength. Hedera also experienced a rise, further emphasizing the broader strength among altcoins.
Key Technical Analysis for Cardano
The strong buying activity has supported ADA’s recent surge, with over $770 million worth of tokens changing hands in the past 24 hours. Trading volume rose by around 34%, indicating renewed market participation.
Cardano’s price has now exceeded its 50-day simple moving average, a level often watched for signs of momentum shifts. On-chain data also shows an uptick in decentralized finance (DeFi) activity, with the total value locked on the Cardano network rising about 7% to nearly $231 million, according to DeFiLlama. However, this total still lags behind previous highs of $544 million in August 2025 and over $865 million in December 2024.
Technically, analysts observe that ADA has been tightly constrained between $0.35 and $0.38 over the past weeks, creating a fragile setup. The push above $0.35 is viewed as a potential breakout from this range, which could undermine the prevailing bearish pattern if sustained.
If this bullish momentum continues, short-term targets include $0.42, with a potential rally up to $0.50. However, risks like a drop below $0.34 persist; if Cardano surpasses $0.54, it could target highs of $0.73 by October 2025, with the critical level at $1 on the horizon.
In the medium term, crypto analyst Javon Marks suggests that ADA’s price could aim for $2.9, representing a potential sevenfold increase.
Cardano Reclaims Position Among Top Cryptocurrencies
Cardano has extended its gains, rebounding after momentarily slipping out of the top 10 cryptocurrencies by market capitalization earlier in the year. ADA has now climbed back above Bitcoin Cash, with the recovery above $0.35 restoring its status among the leading digital assets.
The rally has boosted Cardano’s market capitalization to approximately $13.6 billion. This development occurs alongside broader stability in the crypto market, with Bitcoin trading above $90,200 once again. The strength among major altcoins has also supported the sentiment, with Ethereum rising to about $3,100 and XRP increasing by roughly 5% to nearly $1.95, strengthening the bullish tone surrounding Cardano.
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