Reviewed by Reviewed by Jibin Mathew George Updated 14:30 EDT September 30, 2026 Share Share Share Back to Top Cardano’s price fell 3.19% over the past week, but buyers have prevented the decline from becoming more serious. ADA was trading near $0.246 at the time of this writing, gaining 0.82%
The small recovery comes as talks of the possibility of ADA reaching $2 have gained traction. But for Cardano to do that, it must first overcome a much closer obstacle, and its network data makes the forecast difficult to accept
ADA broke out of a downward price channel earlier in September and climbed toward the $0.26 price area. It has tested that area several times since then, but buyers have not been able to push through it
With its latest pullback, the $0.24 price level has been brought into focus
If buyers defend the $0.24 price area, ADA could attempt the $0.26 price range. If it is able to go past that level, it may try the $0.28 price level
But if it falls below the $0.24 price level, it could make the price go toward the $0.235 price range. Losing that second level would make the recent breakout look less secure
Analyst Lark Davis recently suggested that Cardano’s dedicated community could eventually help ADA recover to $1, $1.50, or even $2
Reaching the $2 price level from where it is currently means it will need to gain more than 700%!
DeFiLlama data showed that the Cardano TVL fell from around $140 million earlier in the year to roughly $60–70 million. It has seen a slight rise from its recent low, but it remains far below previous levels
Trading activity on Cardano has also been uneven. There have been some surges, but it has not been a sustained one that can give the price range being discussed some merit
None of this means that a long-term recovery is impossible. But what it shows is why $0.26 is a more meaningful test for ADA, as things stand, than the $2 projection
Adewale Olarinde is a crypto journalist and data-driven storyteller with a Master’s degree in International Relations. He covers digital assets, markets, and policy with a focus on clarity and context. Outside of work, he’s a lifelong Manchester United supporter and a big music lover
