With renewed momentum across the crypto market and optimism building around altcoins, many are starting to ask the big question again: how high can Cardano (ADA) go in this next run? Some analysts believe the signs are aligning for a major ADA breakout, with targets as high as $1.41 in the near term.
In a recent video on the Cheeky Crypto YouTube channel, the host explores several factors behind this possible price rally. From whale accumulation to technical resistance flips and even an upcoming airdrop that could generate fresh interest, there’s a lot going on in the Cardano ecosystem right now.
The video begins by highlighting a potentially massive airdrop coming to ADA holders. It’s called the Midnight Token Distribution, or the Glazer Airdrop. The Cheeky Crypto host has already covered the details on their educational channel, explaining how to claim the airdrop and what it could mean for ADA holders.
This event has the potential to attract renewed attention to Cardano. Holders will receive tokens like Night and Dust, and while the exact value of these tokens is yet to be seen, Charles Hoskinson’s comments have already sparked speculation around their price and significance. The key takeaway is that eligible holders must claim the airdrop manually, or they’ll miss out.
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Cardano Price Holds Strong as Activity Surges
While the airdrop has caught headlines, the real story lies in Cardano’s on-chain activity and price recovery. The video points out that the total crypto market cap currently sits at $3.35 trillion. Bitcoin recently traded above $108,000, while Cardano sits at around $0.58, up 3.47% over the past week.
More importantly, Cardano’s network activity has surged past 111 million transactions. That kind of spike often signals something deeper happening under the hood. It reflects growing use and developer interest, which can often lead to long-term price appreciation.
According to the video, ADA recently bounced from around $0.565 and is showing signs of upward momentum. The analyst explains that sellers have lost steam and bulls are beginning to regain control. If this trend holds, ADA could be on its way toward the $0.67 to $0.70 zone. The price is already trading above its 100-hour moving average, which is often a signal that sentiment is shifting in a bullish direction.
With discussions of a Federal Reserve pivot and broader money printing on the table, the host believes this could create a favorable environment for altcoins like Cardano. Of course, as always, he stresses this is not financial advice.
Technical Outlook Targets $1.41
One of the most striking claims in the video is that ADA might be gearing up for a break out of its current wedge pattern. If it does, the host points to a technical resistance band with three critical levels: $0.90, $1.1281, and $1.4160. These are key targets ADA might approach if its bounce continues and market conditions stay supportive.
The big question posed is: Can Cardano reach $1.41 in the short term? It’s not a guaranteed scenario, but the analyst believes it is within reach based on recent price structure and momentum.
The $60 ADA Dream: Realistic or Not?
Toward the end of the video, the host discusses a much more ambitious long-term forecast. The question raised is whether a $10,000 investment in Cardano today could turn into $1 million by 2035. That would require ADA to hit roughly $60. While this is clearly speculative, the logic is based on what might happen if Cardano captures a significantly larger share of the DeFi market and sees massive user growth.
At the moment, Cardano’s DeFi total value locked (TVL) is around $251 million. Compare that to Solana’s $8.6 billion, and you get a sense of how much potential growth there is. Cardano also only hosts $31 million in on-chain stablecoins, so there’s clear room for expansion.
The host challenges the idea that market cap is a ceiling, arguing instead that it’s a moving target based on supply and current price. In his view, dismissing the potential for a $60 ADA because of market cap constraints misses the point.
Whales Are Accumulating ADA Tookens Again
Another strong bullish signal mentioned in the video is whale activity. Large ADA holders have resumed accumulating the token, especially as it bounces from support. In fact, at one point this year, ADA was one of the most accumulated altcoins by big-money investors. That kind of behavior often reflects institutional confidence and smart money positioning for a long-term move.
For the Cheeky Crypto host, this is one of the biggest reasons he still believes in the project. When whales buy and hold, it tends to validate retail investor interest and bring additional price strength.
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The analyst closes the video with a reminder that nothing is guaranteed in crypto. Volatility is high, and investors should always do their own research. Still, there are strong signs that Cardano may be entering a new growth phase, with a potential breakout ahead.
From network growth to whale accumulation and the Midnight airdrop buzz, ADA has several catalysts working in its favor. Whether or not it reaches $1.41 in this leg or pushes toward those wild $60 dreams by 2035 remains to be seen, but for now, the momentum is clearly shifting.
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