Cardano News Update: Institutional Support Drives ADA Forward, Eyeing $2.96 Milestone by 2026
- Cardano (ADA) near $0.65 faces critical $0.63 support, with bullish triangle patterns suggesting potential surges to $2.96 by 2026 if key levels hold. - Institutional interest grows as T. Rowe Price's ADA-inclusive crypto ETF awaits SEC approval, while whale accumulation and $1.5B open interest signal speculative momentum. - Analysts project 20-333% gains depending on timeframe, with $0.85 resistance acting as a gateway to higher targets amid expanding DeFi infrastructure and 4-5% staking rewards. - Risk
Cardano (ADA) has become a key focus for bullish investors in the crypto space, as both technical signals and trading patterns point to a possible breakout. With the price hovering around $0.65, market participants are keeping a close eye on ADA to determine if it can maintain crucial support zones that might spark a
The immediate reason for
The positive outlook is further supported by large-scale investors and increasing institutional involvement. More than 70 million
Nevertheless, predictions for ADA’s price path differ. Some analysts see a short-term increase of 20–30% to $1.12, while others, referencing longer-term technical setups,
Underlying fundamentals also paint a positive picture. Cardano’s network, bolstered by the Alonzo upgrade and a growing DeFi ecosystem, continues to draw both developers and users. The platform now boasts more than 4,000 active staking pools and sees over 100,000 transactions daily, demonstrating utility beyond mere speculation. Annual staking returns of 4–5% encourage long-term holding, which helps ease selling pressure during sideways markets.
Despite these encouraging signs, there are still risks. Trading volume has dropped by 38% to $448 million, indicating that traders are exercising caution, and lower liquidity could lead to sharper price movements. If ADA falls below $0.63, it may correct down to $0.50, which would negate the bullish triangle pattern. Analysts suggest keeping an eye on volume and blockchain data to confirm ongoing buying interest.
Other notable market stories include
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash's Soaring Privacy Features Ignite Debate Between Bulls and Bears as Value Reaches $332
- Zcash (ZEC) surged to $332.52, up 750% in three months with $4B market cap driven by privacy features and bullish forecasts. - Industry leaders Arthur Hayes ($10K price target) and Barry Silbert highlighted ZEC's undervaluation potential amid BlackRock ETF skepticism. - Market sentiment splits between technical analysts' 100-150% upside projections and FOMO-driven pump warnings from skeptics. - ZEC's 27.5% shielded supply and $303M futures open interest contrast with $600M liquidation risks from leverage
Tech's rapid wave of innovation faces hurdles in privacy and building user trust
- E Tech Group's "Zero Defect" model achieves 30+ consecutive error-free data center projects through rigorous quality assurance, addressing AI/hyperscale infrastructure reliability demands. - Meta's AI-driven ad network targets $49.43B Q3 revenue by optimizing ad performance with machine learning, aiming to capture $1.17T global ad market share through improved ROI. - Microsoft faces privacy backlash over Gaming Copilot's default-on data collection, while Apple removes Tea app for content moderation failu
Bitcoin Latest Updates: Alpha Arena: DeepSeek’s Well-Balanced Leverage Approach Surpasses Competitors
- DeepSeek Chat V3.1 outperformed five AI models in Alpha Arena, generating 35% returns on a $10,000 crypto portfolio via balanced leverage and strict stop-loss rules. - Competitors like Qwen3 Max (-0.25% return) and Gemini 2.5 Pro ($6,650 loss) struggled with narrow strategies or poor market timing during the Oct 17-20 test. - The experiment highlighted AI's potential in crypto trading but emphasized risks, as leveraged strategies and volatile markets invalidated past performance guarantees. - Post-test o
Ant Group Encounters Regulatory Challenges in Hong Kong Amid Web3 Expansion
- Ant Group launches TOPNOD crypto wallet in overseas public testing, advancing its Web3 and virtual asset expansion strategy. - The Singapore-available wallet enables crypto trading via third-party platforms, aligning with trademark filings for virtual asset terms like "ANTCOIN". - Hong Kong regulatory hurdles, including stablecoin licensing, challenge Ant Group's plans to enter the region's growing crypto market through subsidiaries. - Partnerships with ANEXT Bank and $7.2B Hong Kong office investment hi
