Cardano price jumps to $0.38 as the bulls return to the key level
As Bitcoin crosses $90,200, Cardano's price rises 10% to $0.38. The ADA is looking at a potential breakdown of $2. Bulls will look to drive key incentives in 2026.
Cardano's ADA token rose more than 10% to trade above $0.38, after buyers saw the price above the closely watched $0.35 level that analysts identified as a key support zone.
The move comes alongside a broader boom in the cryptocurrency market.
Bitcoin rose nearly 2% to trade above $90,000, providing a supportive backdrop for risk appetite in digital assets.
Major altcoins also posted strong gains, with Ethereum climbing above $3,100 and XRP jumping to $1.95, helping boost sentiment for Cardano.
Elsewhere, memecoins led the day's advance, posting double-digit gains as Pepe and Shiba Inu rallied well.
Hedera has traded heavily, adding to the strength of the broader altcoin.
Cardano has regained the $0.35 level
Strong buying activity has underpinned ADA's recent growth, with more than $770 million worth of the token changing hands in the past 24 hours.
Trading volume increased by about 34% during the day, indicating renewed market participation.
Cardano's price has now moved above its 50-day simple moving average, a level that usually signals reversals.
On-chain data shows an improvement in decentralized financial activity, with the total value locked on the Cardano network growing 7% to about $231 million, according to DeFillama.
While the increase represents a new revenue stream, TVL is lower than $544 million in August 2025 and $865 million in December 2024.
From a technical perspective, analysts note that ADA has been tightly squeezed between the $0.35 and $0.38 levels in recent weeks, creating a weak setup.
A push above $0.35 is considered a potential breakout from that range and could weaken the bearish pattern if it continues.
If this recent uptrend continues, short-term targets include $0.42, which could be raised to $0.50.
While risks of a dip below $0.34 continue, Cardano's price could rally above $0.54 to see a high of $0.73 in October 2025. Above that is the critical $1 level.
In the medium term, crypto analyst Javon Marks may target ADA's price at $2.9 with a potential seven-fold reversal.
Cardano has achieved a top 10 market ranking
Cardano extended its rebound on Thursday after briefly missing the top 10 cryptocurrencies by market capitalization earlier in the year.
ADA has moved back above Bitcoin Cash, its recovery above the $0.35 level will help restore its position among the largest digital assets.
The rally boosted Cardano's market capitalization to $13.6 billion.
The move comes alongside widespread stability in the crypto market, with Bitcoin back above $90,200.
Strength in major altcoins supported sentiment, as Ethereum climbed to $3,100 and XRP rose nearly 5% to $1.95, reinforcing the bullish tone surrounding Cardano.
