Key Notes
- Technical price indicators for Cardano point to a potential bullish breakout after December’s sharp decline.
- On-chain and derivatives data signals growing bullish sentiment, with buy-side dominance and positive funding rates.
- Charles Hoskinson is focused on the long-term execution of the privacy-focused Midnight platform, taking a step back from his day-to-day social media activity.
With a new start towards 2026, Cardano
ADA
$0.36
24h volatility:
5.7%
Market capitalization:
$13.07 billion
Flight. 24h:
$548.81 million
the price surged 7%, surpassing $0.36 levels and becoming one of the best performers in the altcoin space for January 2. Today’s rise is another relief for investors after a 20% reduction last month in December. Additionally, this benefit comes as founder Charles Hoskinson embarks on a period of “deep focus” in 2026.
Cardano Price Jumps Amid Surge in Whale Orders
Cardano’s 7% price rise on January 2 comes amid improving on-chain and derivatives data points. This shows the growing bullish interest, with traders eyeing a potential breakout to the upside.
The latest data from CryptoQuant shows that spot and futures markets are showing increased whale activity. Additionally, the easing of market conditions highlights clear optimism on the buyer side for Cardano price. Together, these signals indicate improving trader sentiment and increase the chances of a near-term bullish breakout.
Cardano Price Jumps Due to Increased Whale Activity | Source: CryptoQuant
Cardano Funding Rate Data also points to a potential upward movement. CoinGlass Weighted OI financing rate show that fewer traders are positioning for further declines.
However, more transactions are now betting on a higher Cardano price. The indicator turned positive on January 1 and reached 0.0068% on January 2. This means that long positions pay for short positions.
Cardano funding rate | Source: CoinGlass
For now, Cardano price is trading in a falling wedge pattern. A potential breakout from here could extend the rally to its 50-DMA at $0.42. The RSI indicator is also flirting at 43, while considering a potential move towards the neutral zone at 50.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator confirmed a bullish crossover that remains in place. This highlights a cautiously optimistic outlook for the asset.
Cardano Price Technical Chart | Source: TradingView
Charles Hoskinson will focus more on midnight in 2026
After the successful launch of Cardano Midnight Network in December 2025, founder Charles Hoskinson said he would redouble his focus on the platform this year.
In his recent YouTube live broadcast Earlier this week, Hoskinson said he was stepping back from active engagement on X to focus on developing the long-term strategic vision for Cardano and its privacy-focused sidechain, Midnight.
Hoskinson said he is currently focused on developing technical specifications, privacy tools and the long-term architecture of the Midnight network. This is part of a five-year strategy designed to move Cardano towards mass adoption by 2030.
Hoskinson clarified that he is not leaving the crypto industry or distancing himself from Cardano. Instead, he said his role on social media was evolving, with a reduced presence on X as he prioritized strategic planning and execution.
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Bhushan is passionate about FinTech and has a good flair for understanding financial markets. His interest in economics and finance draws his attention to the new emerging markets of Blockchain technology and cryptocurrencies. He is continually in the process of learning and remains motivated by sharing his acquired knowledge. In his free time, he reads thriller novels and sometimes explores his culinary skills.
