Breaking: Cardano Price Jumps 8% on Market-Wide Crypto Rally
Cardano surged 8% in the past 24 hours as the entire crypto market rallied, reclaiming the key $0.38 level and eyeing higher targets.
The crypto market opened 2026 with strong upside momentum. Total market capitalisation pushed higher, confirming a broad risk-on environment rather than a move driven by a single asset. $Bitcoin and $Ethereum led the advance, with large-cap altcoins following as liquidity returned after the holiday period.
This market-wide strength created the conditions for altcoins like $Cardano to break higher.
Why is Cardano Price Up?
Cardano’s rally is closely tied to broader market dynamics. The primary driver was the expiration of roughly $2.2 billion in Bitcoin and Ethereum options, which removed short-term derivatives pressure and allowed spot prices to move higher.
At the same time, traders and investors are returning to the markets after the year-end holidays. With desks reopening and capital rotating back into risk assets, high-liquidity altcoins such as Cardano became natural beneficiaries.
ADA Price Reclaims a Critical $0.38 Level
From a technical perspective, Cardano’s move is significant. $ADA climbed roughly 8% over the past 24 hours, reclaiming the $0.38 price zone, an area that had previously acted as resistance.
ADA/USD 2H - TradingView
This level now serves as short-term support. Holding above it shifts market structure back toward the upside and increases the likelihood of continuation.
Key levels to watch:
- $0.38: Newly reclaimed support
- $0.40: Major resistance and confirmation zone
- $0.34–$0.35: Key downside support if momentum weakens
Momentum indicators suggest strong buying pressure, although short-term conditions are approaching overbought territory, which could lead to brief consolidation before the next move. Many investors look for solid crypto exchanges to deposit funds and buy Cardano at the current levels.
Bullish Cardano Price Prediction: Higher Targets If $0.40 Breaks
The $0.38–$0.40 range is now the most important area for Cardano. A clean break and sustained hold above $0.40 would likely:
- Confirm a bullish trend shift
- Attract breakout buyers
- Open higher targets around $0.44–$0.46, with room for extension if the broader market remains supportive
Failure to clear $0.40 could result in sideways consolidation, which would still be constructive as long as $0.38 holds.
Cardano Future: Momentum Builds as Key Levels Come Into Play
Cardano is entering 2026 with improving sentiment, supportive market conditions, and a technically meaningful reclaim of a key price level. As long as the broader crypto market stays strong and Bitcoin avoids sharp pullbacks, ADA remains well positioned.
The next sessions will be decisive. Holding $0.38 and breaking $0.40 would unlock the next leg higher.
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
