17 February 2026
De crypto market makes an exciting comeback, with numerous big coins posting spectacular wins. Cardano (ADA) is outperforming strongly and approaching a key trading moment that will pave the way for potential further gains.
At the time of writing, ADA is trading at $0,79, just a hop away from the psychologically important $0,80 mark. This rise follows a strong rebound from the $0,66 level, which saw Cardano confidently break the upper boundary of a descending channel.
Despite this notable price increase, major investors are still on the sidelines. Data provider IntoTheBlock reports a significant drop in trading volume: transactions above $1 million have decreased by more than 83%, and transactions above $10 million are even down by almost 87%.
The current rally therefore seems to be driven primarily by retail investors. Should institutional capital find its way back into the market, this could give the rally an even greater boost.
Over the past 24 hours, over $880.000 worth of short positions have been liquidated, with $421.000 on Binance alone. This points to a short squeeze, where sellers were forced to close their positions, driving the price higher.
There are still significant liquidation zones between $0,74 and $0,75. As long as ADA stays above these levels, more short positions can be broken, which could push the price further towards that coveted $0,80.
Cardano has reclaimed the 0.618 Fibonacci level at $0,692 with conviction and recently also broke the 1-zone around $0,7523. The next targets are at $0,849 and $1,007 respectively, based on the 1.618 and 2.618 Fibonacci extension levels.
The MVRV ratio has risen to +13,34%. This suggests that holders are on average in profit, but the market is not yet overheated. Historically, only at a value above 25% does a risk of massive profit taking arise.
If Cardano can stay above $0,75, a breakout to $0,80 seems within reach. The combination of technical strength, liquidation pressure and positive sentiment is creating a solid base for potential further gains. Who knows, maybe we’ll see more people floating around in the Cardano universe soon!
What is the current price of Cardano (ADA)?
Cardano is currently trading at $0,79, close to the psychological mark of $0,80.
What role do retail investors play in the recent price increase?
Cardano's recent price increase has been driven mainly by retail investors, while large investors still seem cautious.
What are the technical levels to watch?
Key levels for Cardano include $0,75, $0,849, and $1,007, indicating potential further upside.
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