Cardano (ADA) has started 2026 on a positive note, rising nearly 8% today, moving above the $0.36 level and ranking among the day’s top altcoin gainers. This rise comes after a rough December, when ADA fell nearly 20%, leaving many investors cautious.
So, what’s driving Cardano’s price higher today?
CryptoQuant Data Shows Whale Buying
One of the clearest signals behind ADA’s rise comes from CryptoQuant data. Recent on-chain numbers show an increase in activity from large holders, often called whales. Both spot and futures data point to bigger orders entering the market.
When whales begin to buy again, it often signals growing confidence. According to CryptoQuant, market conditions are easing, and buy-side pressure is slowly increasing. This supports the idea that the current move is more than just a random bounce.
Beyond trading data, Cardano’s network is showing real signs of use. Transaction activity and wallet interactions have increased over recent days. This means users are actively using the blockchain, not just holding ADA.
Cardano DeFi TVL Shows Signs of Recovery
Another positive signal comes from Cardano’s DeFi ecosystem. According to DefiLlama, Cardano’s TVL increased by 4% in the last 24 hours, reaching about $178.9 million. This means more users are putting their funds into Cardano-based DeFi platforms.
When more money flows into DeFi, it usually shows growing trust in the network, which can also increase demand for the ADA token.
Cardano Price Analysis
For several months, ADA has been moving inside a falling wedge pattern. This happens when the price keeps going down, but selling slowly becomes weaker. As the range gets tighter, it often means a big move is getting close.
Right now, ADA is holding near the $0.35 support level. This area is helping the price stay stable, and buyers are slowly stepping in, showing that selling pressure is easing.
Crypto trader Captain Faibik shared a chart showing ADA near the end of this falling wedge. He believes a breakout could happen if the price moves above the upper trendline.
As long as ADA stays above support, the setup remains healthy. If the breakout happens, the price could move toward the $0.52–$0.55 zone, which would mean nearly a 50% rise from current levels.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Rising on-chain activity, improving market conditions, and renewed large-holder interest suggest stronger confidence in ADA’s short-term outlook.
Cardano could trade between $2.75 and $3.25 in 2026 if market sentiment improves, adoption grows, and key support levels hold.
Cardano is considered a long-term project due to its research-driven development, scalability upgrades, and focus on decentralization.
By 2030, Cardano could be valued around $9 to $10 based on long-term growth, network usage, and sustained investor confidence.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed