Cardano price was up 10% to above $0.38 as Bitcoin crossed $90,200.
ADA is eyeing a potential breakout to $2.
Bulls will look to ride 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.
The move comes alongside a broader upswing in the cryptocurrency market.
Bitcoin advanced about 2% to trade above $90,000, providing a supportive backdrop for risk appetite across digital assets.
Major altcoins also recorded strong gains, with Ethereum climbing above $3,100 and XRP jumping to around $1.95, helping lift sentiment toward Cardano.
Elsewhere, memecoins led the day’s advances, posting double-digit increases as Pepe and Shiba Inu rallied sharply.
Hedera also traded higher, adding to the broader altcoin strength.
Cardano reclaims key $0.35 level
Strong buying activity has underpinned ADA’s recent advance, with more than $770 million worth of the token changing hands over the past 24 hours.
Trading volume was up about 34% on the day, pointing to renewed market participation.
Cardano’s price has now moved above its 50-day simple moving average, a level often watched for signs of shifting momentum.
On-chain data also shows improvement in decentralized finance activity, with total value locked on the Cardano network rising about 7% to roughly $231 million, according to DeFiLlama.
While the increase signals fresh inflows, TVL remains well below previous peaks of $544 million in August 2025 and more than $865 million in December 2024.
From a technical perspective, analysts note that ADA had been tightly compressed between the $0.35 and $0.38 levels in recent weeks, creating a fragile setup.
The push above $0.35 is seen as a potential break from that range and could undermine the prevailing bearish pattern if sustained.
If this latest upside momentum holds, short-term targets include $0.42, with potential rally to $0.50.
While risks like a drop below $0.34 persist, Cardano price could rally beyond $0.54 to see bulls eye 2025 highs of $0.73 hit in October. Above that lies the critical $1 level.
In the medium term, crypto analyst Javon Marks says ADA price could target $2.9 with a seven-fold upside potential.
Cardano regains top 10 market cap rank
Cardano extended gains on Thursday, rebounding after briefly slipping out of the top 10 cryptocurrencies by market capitalisation at the start of the year.
ADA has moved back above Bitcoin Cash, with the recovery above the $0.35 level helping restore its position among the largest digital assets.
The rally has lifted Cardano’s market capitalisation to about $13.6 billion.
The move comes alongside broader stability in the crypto market, with Bitcoin trading back above $90,200.
Strength across major altcoins has also supported sentiment, as Ethereum climbed to around $3,100 and XRP advanced about 5% to near $1.95, reinforcing the bullish tone around Cardano.
