ADA Price Nears Breakout, But Can $0.40 Return?

TLDR

• ADA rose from about $0.23 to $0.25 as the broader crypto market recovered.
• Dan Gambardello said Cardano could target $0.40 if ADA breaks above its current resistance structure.
• ADA has formed higher lows after recovering from a recent low near $0.14, showing stronger short-term momentum.
• The token still faces resistance from a longer-term moving average, making the next breakout zone important.
• ADA gained 5.63% in 24 hours, lifting Cardano’s market capitalization to about $9.02 billion.

Cardano opened the week higher as the broader crypto market recovered. The ADA price climbed from $0.23 to about $0.25. The move extended its rebound after months of weakness. Market veteran Dan Gambardello said traders should not dismiss Cardano before a possible breakout. Buyers supported the rebound through Monday’s session.

Gambardello said ADA could reach $0.40 quickly if price clears its current technical structure. ADA traded near $0.24603, leaving the target about 62.58% higher. Cardano last traded around $0.40 in January 2026 before losing ground.

Be careful writing off Cardano.

If ADA escapes, .40 in an instant pic.twitter.com/ogkofoZX9l

— Dan Gambardello (@dangambardello) September 21, 2026

ADA Price Tests Key Breakout Zone

Gambardello’s chart showed ADA near $0.241 while testing an ascending trendline. Recent candles moved above that line as buyers tried to establish support. The setup follows fresh attention around Cardano’s Mastercard partnership and recent Leios testing.

The chart also showed ADA forming higher lows after recovering from about $0.14. A short-term moving average turned upward and remained below price. However, the longer-term moving average still moved lower, keeping resistance above the market.

Resistance Remains Central to Recovery

A sustained move above the trendline and long-term average could determine whether the ADA price recovery continues. The token must also hold recent gains after Monday’s market rebound. Failure to stay above resistance could keep ADA inside its current range.

Attackers hijacked Input Output Group’s YouTube channel last week, creating a security issue for the ecosystem. The incident did not change Gambardello’s chart view, but it added another development around the ecosystem during ADA’s recovery.

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Gambardello Keeps Cardano Exposure

Gambardello previously reduced part of his Cardano position during the June 2026 governance crisis. He moved some ADA into Sui and later sold more Cardano. However, he said he still holds ADA, while the size of his position remains unknown.

The ADA price remained up 5.63% over 24 hours, while Cardano’s market value reached about $9.02 billion. The move came as a broader crypto market recovery lifted several large tokens. Its market cap increased at roughly the same pace as the token during the session. Cardano ranked 14th by market capitalization, according to CoinMarketCap.

Cardano now faces a clear technical test near the recent resistance area Gambardello identified. Traders are watching whether ADA can stay above the trendline and challenge higher levels. A confirmed break would place the $0.40 target back in focus.