Cardano Price Prediction: Analyst Picks February 9 as a Key Date for ADA

Cardano has spent a long time wearing an ugly label in this market: slow, boring, left behind. For many traders, ADA became something you stopped paying attention to a while ago.

But lately, the data tells a different story. And if that data holds up, the ADA price may already be sitting near a real bottom. The key point isn’t hype or headlines. It’s positioning.

Why ADA Keeps Holding the Same Support Level

For weeks now, the ADA price has been stuck around the $0.33–$0.35 zone. On the surface, that looks like a market going nowhere. Underneath, something else seems to be happening.

Large wallets have been adding ADA steadily, even as smaller holders sell into weakness. Selling pressure has thinned out, and volume keeps dropping each time price revisits the lows. That’s often what markets look like when sellers are running out of ammo.

There’s also been a noticeable buy wall sitting below price, quietly absorbing supply. The argument being made is that this isn’t a real collapse. It’s a slow grind meant to shake out impatient hands before the next move.

Read Also: Here’s Cardano (ADA) Price If Bear Market Continues Throughout the Whole 2026

The Cardano Chart Isn’t as Weak as It Looks

From a technical angle, the ADA price has held its base better than many expect. Momentum indicators show price drifting sideways as strength builds underneath. Short-term averages are starting to curl higher, and the structure on daily charts is no longer making lower lows.

The important levels are clear. $0.33 is the floor. As long as that holds, the structure survives. A push through $0.38 starts to change the picture, with $0.41 and $0.42 acting as the next pressure points. Above that, resistance becomes much lighter, opening space toward the $0.60 area.

Shorts Are Crowded And Institutions Are Quietly Circling

One of the more interesting pieces of this setup has nothing to do with spot charts. Short positions on ADA remain heavily stacked, with shorts far outweighing longs. Funding rates across major exchanges are still negative, meaning traders are paying to stay short.

If the ADA price starts pushing higher, especially into the low $0.40s, those shorts could be forced to close quickly. That kind of move often feeds on itself, as liquidations turn into market buys and price accelerates faster than expected.

Away from short-term trading, Cardano is also ticking boxes institutions tend to care about. ADA has been included in a major crypto ETF filing, giving it a defined role alongside other large assets. 

Regulated Cardano futures are also scheduled to launch on CME in early 2026, opening the door to hedging and structured exposure.

At the same time, protocol upgrades focused on scalability and governance continue to move forward, backed by a large on-chain treasury. These aren’t features built for fast cycles. They’re built to last.

The One Level That Changes Everything for ADA

There’s still a clear line in the sand. If the ADA price loses $0.33 on a weekly close, the whole idea falls apart. That would open the door to deeper downside and reset expectations.

For now, though, the structure is holding. Large holders are accumulating, shorts are crowded, and institutional access is expanding. If those pieces stay in place, the market may soon have to stop pricing Cardano’s past and start paying attention to what’s coming next.

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Funbi Afe
Funbi Afe

Funbi Afe is content strategist with a strong background in technical writing, cryptocurrency, journalism, and copy editing. Passionate about simplifying complex topics, Funbi crafts clear, engaging content that informs and inspires diverse audiences. With expertise spanning blockchain technology, SEO strategy, and market analysis, Funbi is dedicated to helping brands and communities deliver impactful, polished messaging in the fast-evolving digital space.

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