Cardano price is holding firm near key support around $0.80, with participants eyeing whether the next move could spark a push towards the $3.00 mark.
After getting close to the $1.00 mark, Cardano price has pulled back into a correction, testing the strength of its support levels. The retracement, however, hasn’t shaken long-term sentiment.
Cardano Price Outlook: Support Holding, Upside in Sight
Cardano price reflects a steady base forming at demand, hinting that sellers may be running out of steam. The structure reflects a familiar rhythm from past cycles where ADA has consolidated for extended periods before breaking higher. The moving averages are flattening, which often signals that sellers are losing momentum while buyers are beginning to step in more confidently.
Cardano price holds firm at key demand levels, signaling potential breakout momentum as buyers start to regain control. Source: Maelius via X
If such conditions continue, the setup opens room for ADA to push higher, with the green arrow projection hinting at a potential breakout move. The key will be defending the base formed around the current demand zone; losing that would invalidate the bullish case, but holding it keeps upside targets towards $1.50 to $2.00 within reach.
ETF Trigger Aligning with Technical Outlook
The approval of the Hashdex Nasdaq Crypto Index U.S. ETF marks another important step for broader crypto adoption, and Cardano is included among the assets it will hold. Alongside Bitcoin, Ethereum, Solana, and XRP, ADA’s presence in this index highlights its recognition as a major network with long-term relevance. While Bitcoin and Ethereum dominate the weighting, Cardano’s inclusion ensures that institutional exposure now extends to its ecosystem.
Cardano joins the Hashdex Nasdaq ETF, reinforcing its credibility and long-term market relevance. Source: Cardanians via X
From a market perspective, this kind of ETF listing often adds quiet but steady demand, particularly from traditional investors seeking diversified exposure to crypto. For ADA, this latest news shared by Cardanians reinforces the bullish outlook on charts.
Cardano Support Present at $0.80
Cardano is hovering close to the $0.80 support, a level that has repeatedly shown its importance in recent trading sessions. The chart shared by Ali highlights how holding above this zone keeps the door open for a rebound towards $0.95, which aligns with a mid-range resistance level. The broader structure still shows choppiness, but as long as ADA defends its floor, the bias remains constructive.
Cardano is holding the crucial $0.80 support, with analyst eyeing a potential rebound towards $0.95 if momentum builds. Source: Ali Martinez via X
Analyst Ali Martinez points out that the setup favors a recovery bounce, though price will need to clear interim barriers around $0.86 and $0.89 to build momentum. Failing to hold $0.80, however, would put ADA in a more vulnerable position; however, the chances for that for now remain low.
Strong Outflows Could Support ADA Price
Cardano price has been seeing steady exchange outflows, with billions in ADA moving off centralized platforms. This trend typically suggests investors are transferring holdings into self-custody or staking, a behavior often associated with accumulation phases. While price action has remained choppy, the consistent outflow pressure reduces available supply on exchanges, which can act as a supportive factor over time.
Cardano’s steady exchange outflows signal ongoing accumulation, reducing supply and strengthening long-term price stability. Source: TapTools via X
TapTools highlights how this has been an ongoing pattern since ADA’s peak, showing a long-term shift. If this continues, it could gradually build a stronger base for price stability, especially when combined with technical support levels already holding around $0.80.
Final Thoughts: Can Cardano Price Hit $3.00?
Cardano’s price action is showing signs of steady accumulation, with $0.80 proving to be a reliable floor so far. Add in consistent exchange outflows and fresh institutional exposure through the new ETF, and the foundation for a bigger move is starting to look stronger. While $3.00 might sound like a stretch in the short term, history has shown that ADA often builds quietly before delivering sharp rallies once momentum shifts.
Cardano price is trading around $0.79, down -3.16% in the last 24 hours. Source: Brave New Coin
For now, the focus remains on defending key supports and breaking through nearby resistance zones. If buyers continue absorbing supply and market sentiment holds, the path toward higher levels opens up. Whether $3.00 comes quickly or gradually, the current mix of technical and fundamental support suggests that this Cardano price prediction is firmly on the table.