Can Cardano (ADA) prices hit another record high?

Cardano prices return to a question that once seemed easier to answer: Can the ADA recover from around $0.20 and eventually break past all-time highs? Cardano has experienced a deep decline, sluggish Internet activity and increasing competition. More Crypto Online believes that although the ADA must pass several important tests before reaching a record high, possibilities still exist.

Cardano reached an all-time high of US$3.10 on September 2, 2021. The rally was driven by excitement surrounding Alonzo's upgrade, which brought smart contract capabilities to blockchain. ADA briefly became the third-largest cryptocurrency by market value during this period.

Cardano prices have been under pressure since their historic rise in 2021

Since the record rise, the ADA has dropped from about $3 to about $0.20. Cardano prices rebounded from their 2023 lows and briefly hit about $1.30 in 2024. However, that rebound did not develop into a full recovery.

Several ecosystem issues make it more difficult for Cardano to rise again:

Cardano's blockchain activity is much lower than that of Ethereum and Solana. DeFi participation and stablecoin supply remain relatively small. Cardano missed out on most of the growth in real-world asset tokenization. Financial disputes led to the cancellation of the 2026 Cardano Summit. TapTools and other important ecosystem platforms have ceased operations.

Low network usage results in limited transaction fee revenue and reduces the need for ADA in decentralized applications. As a result, critics call Cardano a "ghost chain" because its valuation remains high relative to the volume of activity.

Community divisions have also eroded confidence. Charles Hoskinson temporarily withdrew from public communication after warning of a possible wave of ecosystem collapse. His statement created more uncertainty at an already difficult time for ADA prices.

The weakness of the broader altcoin has made the situation worse. When investors reduce exposure to risky assets, ADA typically falls deeper than Bitcoin. Cardano also missed out on institutional and ETF needs to support Bitcoin and Ethereum.

More Crypto Online believes there is still the possibility of further declines in the ADA

More Crypto Online explained that the ADA may be completing a large second-wave adjustment in its Elliott Wave analysis. Another interpretation views the rise in 2021 as an A wave and the current decline as a B wave. Both structures technically leave room for Cardano prices to break through historical highs.

The channel warned that the ADA may not have yet reached its final bottom. The current rally may represent a fourth wave of rebound, followed by a fifth wave of decline. This last round of declines could push Cardano prices towards $0.09.

The main downside levels in the analysis include:

Support between $0.18 and $0.195 maintains the vitality of the current rebound. Resistance between $0.22 and $0.247 could limit short-term rallies. Subsequent declines could push Cardano prices towards $0.09. A decisive break below $0.05 would undermine the remaining bullish structure.

More Crypto Online believes $0.05 is the lower limit of a reasonable second-wave adjustment. A break below that price could push the ADA to a record low. Cardano's current price is close to $0.20, well above that level.

ADA must break US$0.52 for a larger recovery to be credible

More Crypto Online wants to see a clear five-wave rally rather than a temporary three-wave rally. The ADA still needs to break through $0.52 to complete a corrective correction and generate another strong upward response.

Therefore, the confirmation process will include the following steps:

ADA comes out of a clear five-wave rise from the final bottom. Cardano prices broke through the main resistance level around $0.52. ADA completed a controlled pullback and returned to a new support area. Buyers held on to that support and pushed prices higher again.

This sequence will be the first credible signal that Cardano prices are beginning to recover on a larger scale. More Crypto Online sees $1.30 as the first major target because this level is the high in November 2024. A successful breakthrough of $1.30 could open the way for Cardano to hit all-time highs.

Cardano price target depends on where ADA bottom out

More Crypto Online calculates several possible upside targets through a Fibonacci extension. These levels remain to be confirmed as the channel has not yet confirmed that the ADA has completed its decline.

analysis include:

US$1.30 represents the first important recovery goal. $3.38 represents the first major Fibonacci expansion target. If the ADA falls to $0.09 first,$16 becomes possible. If a larger recovery starts near current prices,$24 becomes possible.

More Crypto Online does not believe that $16 or $24 is an appropriate initial target. Analysts believe $3.38 is more reasonable because it is slightly above Cardano's all-time high of $3.10. But the ADA must first break through $0.52 and establish a bullish structure for this target to be realistic.

Cardano faces fiercer competition than in 2021

Today, it may be more difficult for Cardano to hit a record high than in the previous cycle. Thousands of cryptocurrencies are vying for users, developers, investment capital and market attention. Ethereum, Solana and newer networks are also expanding in DeFi, stablecoins and tokenized assets.

ADA needs more than just a favorable chart structure. Cardano must increase online activity, rebuild community confidence and create stronger reasons for institutional and retail users to consider its tokens. Extraordinary market attention may also become a necessity, as investment capital now has far more destinations than in 2021.

Based on the structure provided by More Crypto Online, it is technically possible for Cardano prices to return above $3.10. But the way forward remains uncertain, because the possibility of falling to $0.09 again first cannot be ruled out. The ADA's performance at $0.23,$0.52 and eventually around $1.30 will determine its future direction.

FAQs

Can Cardano (ADA) reach $10?
Whether Cardano (ADA) can reach $10 depends on huge market expansion and wider adoption, as it requires a market cap of about $350 billion. While some optimistic analysts and community members believe that $10 is a possible long-term goal for a future cryptocurrency bull cycle, mainstream forecasting models believe it is highly unlikely to be achieved in the short term.

Which is better, Ethereum or Cardano?
Ethereum's market value is approximately 34 times that of Cardano, and its daily trading volume is approximately 24 times that of Cardano. Ethereum hit a more recent all-time high in August 2025, while Cardano's peak stayed in September 2021.