ADA price forecast: This rebound may have more room for growth

Cardano Price Forecast: ADA rebound may have room for upside

Cardano (ADA) prices have fallen back to key resistance levels that have been holding back its recovery since June. ADA is currently trading close to $0.23, and its reaction near that resistance level will determine whether the current rally continues or ends in another correction. Technical analyst More Crypto Online believes that ADA's rebound structure is still intact. In addition, Cardano had a series of developments in September involving network upgrades, governance, real-world applications and potential futures trading. These events provide useful background information, but the chart still provides the clearest clues about Cardano's next price move.

More Crypto Online points out that the rebound pattern on the ADA chart is still valid. The analyst sees a breakthrough of $0.23 as the buyer's next target. A 4-hour observation of the Cardano chart shows ADA trading around $0.225. Prices have recovered from lows near $0.13 in June and are currently operating in an upward channel. The lower boundary of the channel has helped buyers hold multiple higher lows, but its upper boundary is currently facing a resistance area of $0.23.
The @Morecryptoonl / X

chart shows that the 23.6% Fibonacci retracement level is at US$0.230862. This is almost in line with the resistance level that has controlled Cardano prices since June. More Crypto Online's perspective means that restoration structures are still active. The ADA still needs a confirmation breakthrough because another rejection could push prices back towards lower support.

Cardano's September upgrade is expected to improve network performance

Cardano released node version 11.1.1 on September 7. The software removes outdated code and fixes technical issues, preparing for the planned Dijkstra upgrade. Dijkstra aims to increase Cardano's speed and trading capacity. Node version 11.2 is also expected to be available soon, which will open up the public test network for wider testing. Leios produced early test results about 6 times faster than previous ones. However, Cardano developers still need to address issues surrounding future validator rewards.

Major technical developments include:

• Node version 11.1.1 prepares Cardano for the Dijkstra upgrade.
• Node version 11.2 should introduce public network testing.
• Leios testing produced approximately 6x higher performance.
• Future verifier payments still need to establish a sustainable model.

Verifiers confirm transactions and protect blockchain. Therefore, once early reserves are reduced, Cardano needs enough network fees and rewards to keep verifiers active.

Cardano governance narrowly avoids operational issues

Four positions on Cardano's seven-member Constitutional Council need to be renewed by September 6. The voting result was passed with a narrow margin of 0.18%. If it fails, the committee will not be able to function due to insufficient members, risking delays in treasury access and future upgrades. The Constitutional Council is responsible for reviewing governance proposals for compliance with Cardano's cyber constitution. Its continuous operation allows treasury decision-making and agreement planning to proceed smoothly.

Elections for two other leadership positions are scheduled to take place between September 14 and September 25. These votes will provide another important test for Cardano's decentralized governance process.

Cardano expands real-world applications and market access

Blockforce is using Cardano to track 500,000 supply chain records for Brazilian fashion exporters. The project demonstrates how the network records and verifies commercial information beyond regular cryptocurrency transfers. Cardano also appeared at a Dubai crypto conference on September 9. Discussions focused on bringing assets such as real estate and bonds to the blockchain network ahead of a larger release planned for October 1. Kraken has also applied to provide ADA futures trading in the United States. Approval will expand regulated access to Cardano price fluctuations, although futures also allow market participants to short ADA.

These developments do not guarantee price increases. Their value will depend on long-term adoption, network activity, and successful execution.

Cardano price forecast depends on a breakthrough of US$0.23

Cardano previously used US$0.23 as a support level, mainly trading between US$0.23 and US$0.29. A decline in June turned $0.23 into resistance, which explains why the current test is crucial. A confirmation breakthrough could bring the ADA back to its previous range and pave the way to $0.29. Subsequently, Cardano needed to clear the $0.29 to $0.30 area to target higher Fibonacci levels.

Elliot Wave label indicates that there may be a recovery structure of A, B, and C waves in the rising channel. If buyers overcome resistance of $0.23 and $0.30 first, C-Wave could push ADA to $0.315. The Cardano chart positions higher Fibonacci targets at $0.315422 and $0.405916. These levels broadly support potential upside targets of around $0.315 and $0.43.

If it is rejected again, US$0.202827 will become the first support level to pay attention to. Greater selling pressure could expose support levels of $0.188383,$0.174968 and $0.157499. The chart also shows a deeper bearish path towards $0.095. This outcome becomes more likely only when the ADA loses its rising channel and all nearby support levels fall.

FAQs

Will Cardano ADA reach US$10?

Based on mainstream market forecasts, it is considered highly unlikely that Cardano (ADA) will reach $10 in the near future, although some analysts and community members view it as a long-term possibility.

Will Cardano hit $1 in 2026?

Most market analysts believe it is unlikely that Cardano will reach US$1 in 2026, and the current trading price hovers around US$0.20.