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Cardano holds $0.24 support but $2 price target seems unlikely amid weak DeFi activity

Market News
30 Sep 2026
AMBCrypto
View Source
Neutral
Cardano holds $0.24 support but $2 price target seems unlikely amid weak DeFi activity

Cardano's price dropped 3.19% last week but stabilized near $0.246, with buyers defending the $0.24 support level. While some speculate ADA could reach $2, this would require a 700% gain and faces challenges due to weak DeFi activity and declining total value locked (TVL) on its network. The more immediate resistance is around $0.26, which ADA must surpass to attempt higher levels. Overall, the $2 target depends heavily on renewed market interest and stronger network activity, making $0.26 a more realistic near-term test.

Cardano (ADA) trades at Rp4,358 on Pluang as of Oct 01, 2026 01:42 WIB, showing a mild 0.43% decline in the past day. The platform sees a balanced order flow with 53% of users buying and 47% selling, while the typical hold time is 126 days. This steady trading activity complements the article's note on ADA holding above $0.24 and testing resistance near $0.26.

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