Cardano Could Rally to $10 if $1.16 Support Holds
Cardano trades around $0.88 as analysts highlight $1.16 as a pivotal support level. A sustained move above $1.16 could open a path to $2.68, $5 and ultimately $10. The bullish case rests on 150 million ADA amassed by whales, institutional inflows of $73 million and more than 112 million on-chain transactions in 2025. Average network fees remain under $0.25, underpinning real-world use and DeFi activity. Technical analysis points to multi-year ascending trendline support from 2021 and lower support near $0.5129. A measured-move breakout target of $9.17 implies over 1,200% upside from current levels. Recent volume peaked at $20.14 billion, reflecting active buying. While risks include a failure to flip $1.16 into support, the convergence of technical triggers, whale buys and on-chain momentum offers traders a clear, risk-managed setup for potential long-term gains.
Bullish
The article’s emphasis on flipping $1.16 into firm support, combined with 150 million ADA whale accumulation and over 112 million on-chain transactions, signals robust buy-side momentum. Historically, major cryptocurrencies like Ethereum and Bitcoin have experienced sustained rallies when key resistance levels convert to support, especially alongside large-scale whale buying and rising transaction counts. Institutional inflows further reduce selling pressure and add capital stability. In the short term, a successful break above $1.16 could trigger increased trading volumes and short squeezes as technical traders position for higher targets. Over the long term, growing on-chain activity and low fees suggest deeper network adoption, supporting higher valuations. This convergence of technical triggers, liquidity injections and real network usage underpins a bullish outlook for ADA and may attract additional capital from both retail and institutional investors.