Cardano (ADA) Poised to Surge to $0.94, Fueled by a Spike in Coinbase Holdings!

Jakarta, Pintu News – Cardano (ADA) is showing momentum again after several weeks of flat movement. Now, the cryptocurrency has broken through its 50-day moving average and is heading towards $0.94 resistance. This level is considered a major barrier before reaching the psychological value of $1.00.

Coinbase Ownership Surges: Institutional Signal for Cardano (ADA)

Coinbase, one of the largest crypto exchange platforms, recently recorded a 462% increase in Cardano (ADA) holdings, totaling 9.56 million ADA. This increase occurred alongside the rapid growth of Coinbase Wrapped ADA on the Base network.

Total cbADA supply has grown to 9.53 million from 1.7 million at launch, indicating increased on-chain utility and storage demand from large players. In contrast, Ripple (XRP) reserves on Coinbase dropped dramatically by 98% (from 970 million to 16.39 million), signaling liquidity rotation on exchanges and user preference towards wrapped Cardano products.

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Key Levels and Fourth Quarter Projections: $0.83 Support, $1.00 Magnet

From a technical point of view, the structure of Cardano (ADA) appears increasingly constructive. The token managed to maintain its position in the $0.83-$0.85 support zone, which continues to attract buying interest on dips. If the price drops from this range, it could open up opportunities for a deeper drop towards $0.75. However, as long as the price remains above it, this configuration favors further upside potential.

On the resistance side, $0.94 remains the key multi-touch ceiling, and a decisive break above this level could trigger a move towards $1.00, with a possible extension to $1.06-$1.12. Meanwhile, an increase in the Relative Strength Index (RSI) and improvement in market width suggest healthy momentum, reinforcing the view that short-term price drawdowns are likely to be absorbed by buyers.

Macro Factors Support the Bullish Case

Macro factors also support the bullish case for Cardano (ADA). With Bitcoin (BTC) stabilizing near record territory, capital rotation into large-cap altcoins typically increases towards the end of the year. Similarly, Cardano’s growing fundamental backdrop, smart contract adoption, and the growth of assets wrapped in Base, favor a higher-low, higher-high structure. If Cardano prints a firm daily (or weekly) close above $0.94, technicians will be looking for a quick push to $1.00 and potentially $1.20 based on the momentum that follows.

Conclusion

With strong institutional support and favorable technical indicators, Cardano (ADA) is on track to reach its short-term price target. Investors and market watchers will continue to monitor this price movement, especially given the significant upside potential if key levels can be crossed.

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Reference

• NewsBTC. Cardano ADA Price Eyes $0.94 as Coinbase Boosts Holdings 462% and Q4 Rally Hype Grows. Accessed on October 9, 2025