The cryptocurrency market is buzzing as Cardano (ADA) makes notable gains, jumping more than 10% to trade above $0.38. This surge comes as Bitcoin crosses the $90,200 mark, invigorating investor confidence in the digital asset sector.
Cardano Price Breaks Key Level
After weeks of trading within the $0.35-$0.38 range, Cardano’s price has finally pushed past this tight zone. The $0.35 level had been a critical support point for ADA, and its recovery indicates a shift in market momentum. Strong trading volume has underpinned this rally, with over $770 million worth of ADA traded in the past 24 hours—a 34% increase in activity.
Market Stability Fuels Altcoin Gains
The broader cryptocurrency market has shown resilience, supporting Cardano’s impressive run. Major altcoins like Ethereum climbed above $3,100, while XRP reached $1.95, further lifting market sentiment. Meanwhile, popular meme coins like Shiba Inu and Pepe also posted double-digit gains, signaling a renewed appetite for higher-risk digital assets.
On-Chain Data Signals Growth
According to data from DeFiLlama, Cardano’s total value locked (TVL) in decentralized finance (DeFi) platforms rose by 7% to around $231 million. Although this figure remains below the previous peaks of $544 million in August 2025, the recent uptick reflects fresh inflows and growing interest in the Cardano ecosystem. Additional positive momentum comes from crossing the 50-day simple moving average—a bullish technical indicator watched by many analysts.
Analysts Predict ADA’s Next Move
If current momentum holds, ADA could target $0.42 as a short-term goal, with potential rallies extending to $0.50. Some experts suggest that Cardano could revisit its 2025 highs of $0.73 and even break the $1 threshold. Longer-term projections place ADA near $2.90, representing significant upside potential for investors willing to wait.
Position Among Top Cryptocurrencies
Recently, ADA reclaimed its position among the top 10 cryptocurrencies by market capitalization, now standing at approximately $13.6 billion. This recovery highlights its strong fundamentals, despite a challenging start to the year.
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In conclusion, Cardano’s price surge signals a promising turn in the cryptocurrency market. With major developments in TVL growth and bullish momentum across other digital assets, 2026 could be an exciting year for crypto investors.
