The cryptocurrency market opened 2026 with strong upward momentum. Total market capitalization rises, confirming the broader situation risk-on environment It’s not a movement driven by a single asset. $Bitcoin and $Ethereum led the rally, followed by large-cap altcoins as liquidity returned after the holiday period.
This overall market strength created the conditions for altcoins like $Cardano to rise further.
Why is Cardano’s price rising?
Cardano’s rise is closely tied to broader market trends. The main factor was the approximate expiry of $2.2 billion in Bitcoin and Ethereum optionsThis removed short-term derivatives pressure and allowed spot prices to rise.
At the same time, traders and investors are returning to the market after the year-end holidays. Once the windows reopened and funds were moved back into risk assets, highly liquid altcoins like Cardano became the natural beneficiaries.
ADA price returns to critical $0.38 level
From a technical perspective, Cardano’s move is significant. $ADA roughly rose 8% in the last 24 hoursget back Price range of $0.38an area that previously served as a resistance.
ADA/USD 2H – TradingView
This level currently acts as short-term support. Sustaining above it will push the market structure back up and increase the likelihood of continuation.
Main levels to note:
- $0.38: Newly collected support
- $0.40: Key resistance and confirmation zones
- $0.34 – $0.35: Important downside support if momentum weakens
Momentum indicators suggest strong buying pressure, but near-term conditions are approaching overbought territory, which could lead to temporary consolidation before the next move. Many investors are looking for a solid crypto exchange to park their funds and buy Cardano at current levels.
Bullish Cardano Price Prediction: Breaking above $0.40 would push the target even higher
of Range from $0.38 to $0.40 This is currently the most important area for Cardano. The chances of a clean break and sustaining above $0.40 are:
- Confirm a change to a bullish trend
- Attract breakout buyers
- Open up higher goals to those around you $0.44–$0.46with room for extension if the broader market remains supportive.
If the price fails to clear $0.40, a sideways consolidation may occur, but as long as $0.38 holds, it will still be constructive.
The Future of Cardano: Gaining Momentum as Critical Levels Work
Cardano enters 2026 with improved sentiment, a supportive market environment, and a return to important, technically meaningful price levels. As long as the broader crypto market remains strong and Bitcoin avoids a sharp decline, ADA remains well-positioned.
The next session will be decisive. Maintained $0.38 and broke above $0.40 Unlock higher next leg.
