- Cardano price rose 10% to above $0.38 as Bitcoin rose above $90,200.
- ADA is eyeing the possibility of breaking above $2.
- The Bulls will look to ride on a significant catalyst in 2026.
Cardano’s ADA token rose more than 10% to trade above $0.38 after buyers pushed the price back above the $0.35 level, which analysts had long recognized as a key support zone.
This move comes in parallel with a broader rally in the cryptocurrency market.
Bitcoin rose about 2% to trade above $90,000, a backdrop that supported risk appetite across digital assets.
Major altcoins also posted significant gains, with Ethereum soaring above $3,100 and XRP soaring to around $1.95, contributing to the rise in sentiment towards Cardano.
Elsewhere, meme coins led the day’s gains, posting double-digit gains as Pepe and Shiba Inu rallied sharply.
Hedera also rose further, adding to the strength of broader altcoins.
Cardano regains key $0.35 level
High buying activity has underpinned ADA’s recent rise, with over $770 million worth of tokens being bought and sold in the past 24 hours.
Volume increased by about 34% on the day, indicating renewed participation in the market.
Cardano price is currently above its 50-day simple moving average, and this level is being closely watched for any signs of a change in momentum.
On-chain data also shows an improvement in decentralized financial activity, with the total amount locked in the Cardano network increasing by about 7% to about $231 million, according to DeFiLlama.
Although this increase represents new inflows, TVL is still well below its previous peaks of $544 million in August 2025 and $865 million in December 2024.
From a technical perspective, analysts note that ADA has compressed significantly between $0.35 and $0.38 levels in recent weeks, creating a vulnerable situation.
A rise above $0.35 is seen as a potential breakout of that range and, if sustained, could undermine the prevailing bearish pattern.
If this latest upside momentum holds, short-term targets include $0.42 and a potential rally to $0.50.
Although risks remain, such as a decline below $0.34, Cardano price could rise above $0.54 and bulls could reach a 2025 high of $0.73 in October. Above that is the important $1 level.
Cryptocurrency analyst Javon Marks says that in the medium term, ADA price is targeted at $2.9, with potential for a 7x upside potential.
Cardano regains top 10 market capitalization rank
Cardano expanded its gains on Thursday, rebounding after briefly falling out of the top 10 cryptocurrencies by market cap at the beginning of the year.
ADA has returned to levels above Bitcoin Cash and its recovery above the $0.35 level has allowed it to regain its position among the largest digital assets.
This increase increased Cardano’s market capitalization to approximately $13.6 billion.
The move comes in parallel with broader stabilization in the crypto market, with Bitcoin trading above $90,200.
Sentiment is also supported by strength across major altcoins, with Ethereum rallying to about $3,100 and XRP up about 5% to near $1.95, reinforcing the bullish tone surrounding Cardano.
