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Cardano eyes $2.90 target as price climbs within a rising channel, signaling potential major rally ahead.

Analyst Insights
06 Oct 2026
Dailycoin
View Source
Bullish
Cardano eyes $2.90 target as price climbs within a rising channel, signaling potential major rally ahead.

Cardano (ADA) is showing strong upward momentum, with analysts identifying a $2.90 price target based on a post-breakout base similar to its 2020 pattern. This target represents a potential 960% gain, indicating a major long-term rally if the structure holds. Meanwhile, the price remains within an ascending channel, which supports continued short-term gains. A breakdown below this channel would signal a stall, but for now, Cardano's price action suggests a bullish outlook with both near-term and long-term bullish scenarios intact.

Cardano's market cap stands at Rp178.2 trillion as of Oct 07, 2026 04:23 WIB, reflecting significant investor interest despite a predominantly sell-side order activity of 78% on Pluang. The 24-hour trading volume is Rp14.91 trillion, indicating active market participation. Cardano's price on Pluang is Rp4,830 with a modest 1-day gain of 0.71%, showing steady momentum in line with the article's bullish outlook.

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