- Cardano’s price climbed 10% to surpass $0.38 as Bitcoin cleared $90,200.
- Analysts are eyeing a potential surge toward $2.
- Bulls will look to capitalize on key catalysts in 2026.
Cardano’s ADA token rose more than 10% to trade above $0.38 after buyers pushed the price back above the closely watched $0.35 level that analysts have long identified as a key support zone.
This move coincided with a broader upswing across the cryptocurrency market.
Bitcoin gained around 2% to trade above $90,000, providing a favorable backdrop for risk appetite in digital assets.
Major altcoins also posted strong gains, with Ethereum rising above $3,100 and XRP climbing to roughly $1.95, which helped lift sentiment around Cardano.
Elsewhere, memecoins led the daily advance, posting double-digit gains as Pepe and Shiba Inu rallied sharply.
Hedera also traded higher, adding to the broader strength among altcoins.
Cardano reclaims the key $0.35 level
Robust buying activity has underpinned ADA’s recent rally, with more than $770 million of the token changing hands over the past 24 hours.
Trading volume rose roughly 34% on the day, signaling renewed market participation.
Cardano’s price has now climbed above its 50-day simple moving average, a level often watched for signs of a shift in momentum.
On-chain data also shows improving decentralized finance activity, with total value locked on the Cardano network up about 7% to roughly $231 million, according to DeFiLlama.
Although the increase indicates new inflows, TVL remains well below prior peaks of $544 million in August 2025 and more than $865 million in December 2024.
From a technical perspective, analysts note ADA had been tightly compressed between $0.35 and $0.38 in recent weeks, creating a fragile setup.
The push above $0.35 is seen as a potential breakout from that range and could undermine the prevailing downtrend if sustained.
If the current bullish momentum holds, near-term targets include $0.42, with a potential push toward $0.50.
While risks remain—such as a drop below $0.34—Cardano’s price could extend past $0.54 and revisit $0.73 reached in October 2025. Above that sits the critical $1 level.
Over the medium term, crypto analyst Javon Marks suggests ADA could reach $2.90, implying up to a sevenfold increase from current levels.
Cardano regains a top-10 market cap spot
Cardano extended gains on Thursday, recovering after briefly falling out of the top 10 cryptocurrencies by market capitalization earlier in the year.
ADA has reclaimed its position ahead of Bitcoin Cash, and the recovery above $0.35 has helped restore its ranking among the largest digital assets.
The rally has lifted Cardano’s market capitalization to about $13.6 billion.
This move occurs alongside wider market stability, with Bitcoin trading back above $90,200.
Strength in major altcoins has also supported sentiment, as Ethereum rose to about $3,100 and XRP gained roughly 5% to near $1.95, reinforcing the bullish tone surrounding Cardano.