- Cardano price rose 10% above $0.38 as Bitcoin climbed past $90,200.
- ADA aims for a potential move toward $2.
- Bulls look to maintain momentum into 2026.
Cardano’s ADA token jumped more than 10%, trading above $0.38 after buyers pushed the price back above the closely watched $0.35 support level that analysts have long identified as key.
This move comes amid a broader rally across the cryptocurrency market.
Bitcoin rose about 2% and traded above $90,000, providing a solid backdrop for risk appetite across digital assets.
Major altcoins also posted strong gains, with Ethereum moving above $3,100 and XRP rising to roughly $1.95, helping lift sentiment around Cardano.
Elsewhere, meme coins led the day’s advances with double-digit gains as Pepe and Shiba Inu surged sharply.
Hedera also traded higher, contributing to broader altcoin strength.
Cardano reclaims key $0.35 level
Strong buying activity has driven ADA’s recent rally, with over $770 million worth of the token changing hands in the last 24 hours.
Trading volume increased by roughly 34% during the day, signaling renewed market participation.
Cardano’s price is now trading above the 50-day simple moving average, a level often monitored for signs of trend change.
On-chain data also shows improvement in decentralized finance activity, with the Cardano network’s total value locked (TVL) rising about 7% to around $231 million, according to DeFiLlama.
While this growth represents new inflows, TVL remains well below previous peaks of $544 million in August 2025 and over $865 million in December 2024.
From a technical standpoint, analysts note that ADA has been tightly compressed between $0.35 and $0.38 in recent weeks, creating a fragile setup.
A move above $0.35 is viewed as a potential breakout from this range and could undermine the prevailing downtrend if sustained.
If the recent upward momentum continues, near-term targets include $0.42 and a potential move toward $0.50.
Although risks such as a drop below $0.34 remain, Cardano’s price could extend past $0.54 and revisit its bull-year 2025 highs near $0.73 reached in October. Above that, the critical $1 level comes into focus.
Over the medium term, crypto analyst Javon Marks suggests ADA could target $2.90, implying multiple times upside potential from current levels.
Cardano regains top-ten market capitalization
Cardano continued its gains on Thursday, recovering after briefly falling out of the top ten cryptocurrencies by market capitalization earlier this year.
ADA has climbed back above Bitcoin Cash, and the recovery beyond $0.35 has helped restore its position among the largest digital assets.
The move pushed Cardano’s market cap to roughly $13.6 billion.
This advance coincides with greater stability across crypto markets as Bitcoin reclaimed levels above $90,200.
Strength in major altcoins has also supported sentiment, with Ethereum near $3,100 and XRP up about 5% close to $1.95, reinforcing Cardano’s upside narrative.