Cardano Price Bottom Signals Are In With ADA Targeting $1 Soon

Key Insights:

• Santiment data shows -43% average returns and heavy short positioning for Cardano.
• Charles Hoskinson hinted at the upcoming Midnight privacy chain launch, with partnerships involving Google, Bullish, etc.
• Analysts note that an ADA price breakout from the accumulation zone sets up targets of $1 and beyond.

Amid the broader crypto market recovery, Cardano (ADA) price has bounced back 5.3%, moving to $0.26, with its market cap crossing $9.5 billion. On-chain data indicates that ADA is forming a bottom. Thus, experts believe that ADA could soon begin its relief rally to $1.

Cardano Price Shows Signs of Bottoming Out

According to blockchain analytics firm Santiment, the average return for active wallets on the Cardano network is negative 43%. This comes amid a 71% correction in Cardano’s price since September 2025.

According to Santiment, this deeply negative MVRV (Market Value to Realized Value) reading typically signals a potential accumulation zone. As per the analysts, when average returns fall significantly below zero, it often reflects widespread investor pain. Thus, it attracts long-term holders and professional traders seeking lower-risk entry points.

In addition, Santiment highlighted that Cardano’s funding rate on Binance shows the highest short-to-long ratio since June 2023. This shows that traders are heavily positioned for further downside. The firm added that such extreme bearish positioning has historically led to price reversals, as short liquidations can drive unexpected upward moves.

Cardano Gears for Midnight Launch

Charles Hopskinson, the founder of Cardano blockchain, is gearing up for the imminent launch of its privacy-focused network, Midnight. Hoskinson tweeted regarding the same on his X platform on March 23. This has sparked a major speculation within the Cardano community.

Hoskinson shared a cover of “Ground Control to Major Tom” performed by Chris Hadfield aboard the International Space Station in 2013. Analysts are intepreting this as a signal that the Midnight launch is approaching soon.

The Midnight network, designed as a privacy-focused Cardano partner chain, is expected to launch later this month. The project has already secured partnerships with Google and recently added Bullish. On the other hand, WorldPay will serve as a federal note operator.

ADA Price Prepares for A Rally to $1

Crypto analyst Crypto Patel highlighted that Cardano price is currently trading within a multi-year accumulation zone. He added that this could set the stage for significant long-term upside.

According to the analyst, the key accumulation range lies between $0.25 and $0.18. Historically, this region has been a strong accumulation zone. Patel noted that sustained buying within this range could potentially lead to a major breakout.

The analyst outlined long-term price targets of $1, $3, and $10. It suggests the possibility of 1,000% or greater upside if the broader market conditions turn favorable and accumulation continues.

Major institutions have increased their exposure to Cardano, including Grayscale Investments, 21Shares, and ETC Group. Institutional demand is currently concentrated in ETPs and multi-asset funds. However, big players are still awaiting approval of a spot Bitcoin ETF from the U.S. Securities and Exchange Commission (SEC).

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