Key Insights
- •ADA price could face a larger ABC correction if it stays below the $0.438 resistance.
- •Breaking $0.438 could signal the start of a bullish wave-(3) for Cardano.
- •Cardano’s DeFi ecosystem continues to thrive, surpassing $350M in DEX trading volume over 90 days.
Cardano’s (ADA) price has shown considerable fluctuations in recent weeks, raising questions about its future movement. As of January 15, 2026, ADA is priced at $0.405428 USD, with a 24-hour trading volume exceeding $740 million.
Cardano Price Movement and Potential Shift in Price Direction
Cardano's ADA token has been experiencing significant price fluctuations. In a recent update, Man of Bitcoin stated that as long as the price remains below $0.438, “the preference is for a larger ABC correction in wave-(2). This suggests that ADA might continue to correct its price if it does not break the $0.438 resistance.
If ADA’s price stays under this level, the coin could follow a larger corrective phase, possibly causing further price retracements. On the other hand, there is the possibility of a price shift.
Man of Bitcoin also mentioned, “As long as price remains below $0.438, the move is considered a B-wave high.
A break above this level would suggest that wave (3) is already unfolding to the upside. In this scenario, a break above $0.438 could signal a new bullish phase, where ADA’s price moves higher, indicating that wave (3) could be underway. This price point of $0.438 remains a critical threshold for ADA. It may dictate whether the coin enters a larger correction or continues its upward movement.
Cardano's Growing Ecosystem
Despite the price volatility, Cardano’s ecosystem continues to show signs of growth. Recent reports have revealed that Cardano is on the verge of surpassing $350 million in decentralized exchange (DEX) trading volume over the past 90 days.
This marks a positive development for the blockchain, suggesting that Cardano’s decentralized finance (DeFi) sector is thriving, even as its token faces short-term price adjustments. Charles Hoskinson, the founder of Cardano, expressed optimism about the year ahead, stating that 2026 will be a great year for Cardano.
As stated by Charles Hoskinson, “we did the Glacier Drop for $NIGHT with Hydra, we're doing vending machines and video games on Hydra, and just had a DEX launch on Hydra. It can go up to 1M TPS, incredible technology.” This indicates that Cardano’s technology continues to evolve, possibly supporting long-term growth despite short-term market fluctuations.