Cardano's ADA 37,851% Activity Surge Sparks Speculation, What's Driving Wild Ride?
Analysis
Price Impact
HighCardano (ada) experienced a massive 37,851% surge in futures volume on bitmex, reaching $255.52 million. this activity coincided with ada's price increasing by over 7% in 24 hours, outperforming most top 10 cryptocurrencies.
Trustworthiness
MedThe article cites specific data from coinglass for the futures volume surge and provides current price movements. however, it also includes speculative elements and price targets which carry inherent uncertainty, as noted in the disclaimer.
Price Direction
BullishAda is showing steady gains at the start of 2026, up 7.34% in 24 hours and 5.66% weekly. it has rebounded from recent lows and is attempting to break key resistance levels at $0.3842 and potentially $0.407, with a target of $0.50 if momentum continues.
Time Effect
ShortThe significant futures activity and price surge are recent (within 24 hours to a few days). the mentioned price targets and resistance breaks are typically short to medium-term indicators for immediate market reaction.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Cardano is off to a solid start in 2026; the 10th largest cryptocurrency is seeing a price rise, up 7% on a 24-hour basis to outperform major cryptos. Advertisement At the time of writing, ADA was up 7.34% in the last 24 hours to $0.368 and up 5.66% weekly. Cardano is showing steady gains at 2026's start as traders return from the holiday break. Aside from Dogecoin, which was up 11% in the last 24 hours, ADA led gains among the top 10 cryptocurrencies as risk appetite improved across markets. HOT Stories Shiba Inu (SHIB) Burn Rate Explodes 10,728%, Ripple Unlocks 1 Billion XRP, Bitcoin (BTC) Price Breaks Four-Year Market Cycle — Crypto News Digest Coinbase's Armstrong Unveils Top 3 Priorities for 2026 XRP Price Prediction 2026 Canadian Billionaire Predicts Bitcoin Could Trade 'a Lot Lower' If This Happens Coinciding with the surge in the ADA price in the last 24 hours is a wild surge in futures activity as derivatives traders adjust positioning. Advertisement According to CoinGlass data, Cardano surged 37,851% in futures volume on the Bitmex crypto exchange to reach $255.52 million. Across the crypto market, the setup remains supportive with a weaker dollar and improving equity sentiment supporting this, yet traders remain cautious after a late-2025 period marked by thin liquidity and quick profit-taking. Cardano price targets Cardano reversed a four-day drop, which took place from Dec. 28 to 31, recovering from a low of $0.3297. Advertisement Cardano rebounded from a Jan. 1 low of $0.331, reaching an intraday high of $0.37. Despite this recovery, ADA has stayed in a range between $0.33 and $0.40 since mid-December. The first sign of strength would be a break and close above the $0.3842 high. ADA could then rise to the 50-day SMA at $0.407, where sellers might mount a strong defense. If buyers overcome the barrier, Cardano's price could reach the $0.50 target. On the other hand, bears will try to strengthen their position by pulling ADA's price below the $0.33 level. If they succeed, ADA could plummet to $0.30 and later to the Oct. 10 low of $0.27. #Cardano News #Cardano