The post ADA Jumps 8% as Bulls Eye $0.30 Breakout appeared on BitcoinEthereumNews.com.

Following a period of intense market volatility that saw the global crypto market cap fluctuate, Cardano ($ADA) has emerged as one of the top performers among large-cap altcoins today. The price of ADA climbed from a daily low of roughly $0.27 to its current position near **$0.29**, representing an 8% gain. This move comes amid a broader recovery in the crypto sector, fueled by Bitcoin reclaiming key levels above $67,500. Cardano Price Analysis: Testing the $0.29 Zone As of February 26, 2026, Cardano is trading at approximately $0.293. The recent price jump has been supported by a notable increase in trading volume, suggesting that the move is not just a speculative spike but is backed by active participation. On-chain data indicates that “sharks” and “whales”—wallets holding between 100,000 and 100 million ADA—have been quietly accumulating throughout the recent drawdown, adding over 819 million ADA to their holdings. ADA/USD 4H Chart Cardano Price Prediction: Breakout or Fakeout? The most significant milestone for ADA in the immediate term is the $0.30 resistance level. This price point serves as both a technical and psychological barrier. The Bullish Case: Targeting $0.32 and $0.35 If $Cardano can secure a daily close above $0.30 with sustained volume, it would signal a breakout from the current bearish structure. Traders are eyeing the following targets: $0.32: The first minor resistance and a previous consolidation zone. $0.35: A major supply wall that aligns with the 50-day Exponential Moving Average (EMA). A break above this could confirm a mid-term trend reversal. The Bearish Case: Resistance and Rejection Conversely, $0.30 has historically acted as a stiff ceiling. If the current rally lacks the momentum to pierce this level, we could witness a “fakeout.” In this scenario, ADA might see a rejection, leading to a retracement toward: $0.28: Immediate support where the…

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Filed under: News - @ February 26, 2026 4:32 pm