Cardano reaches $0.38 as bullish sentiment takes over
January 3, 2026
Cardano’s ADA cryptocurrency has experienced a significant surge, climbing more than 10% to trade above $0.38. This uptick follows robust buying activity that has driven the price back above the $0.35 support level, a key area of interest for analysts within the crypto market. This positive movement has occurred alongside broader market trends, notably Bitcoin’s 2% increase to trade above $90,000. The value appreciation across major altcoins, including Ethereum and XRP, has also contributed to a favorable market sentiment towards Cardano, further fueling its price rise.
The recent resurgence in Cardano’s price has been supported by strong market participation, with over $770 million in ADA tokens exchanged over the last 24 hours. Trading volume has observed a 34% increase, indicating renewed investor interest. Additionally, Cardano’s price has surpassed its 50-day simple moving average, signaling a potential shift in market momentum. On-chain data displays an uptick in decentralized finance activity within the Cardano network, with the total value locked reaching around $231 million. Despite this improvement, it remains below previous peak levels recorded in 2024 and 2025.
Technical analysts have highlighted ADA’s consolidation between the $0.35 and $0.38 levels in recent weeks, suggesting a fragile market setup. The breach above $0.35 signifies a potential breakout from this range, disrupting the prevailing bearish pattern if sustained. Short-term price targets include $0.42, with the possibility of extending the rally towards $0.50. While risks remain, such as a decline below $0.34, Cardano’s price could advance further to exceed the $0.54 level and potentially aim for the 2025 high of $0.73. Looking ahead, there is speculation that ADA may target $2.9 in the medium term, indicating a substantial upside.
Furthermore, Cardano has regained its top 10 position in terms of market capitalization, recovering from a recent decline where it briefly slipped out. With ADA surpassing Bitcoin Cash and its market capitalization reaching approximately $13.6 billion, the cryptocurrency has reaffirmed its standing among the most prominent digital assets. This renewed growth aligns with a broader stability observed in the crypto sector, supported by Bitcoin’s price rise above $90,000. The positive momentum across major altcoins like Ethereum and XRP has bolstered overall market sentiment, providing an optimistic outlook for Cardano’s future performance.
