Cardano (ADA) price is holding above the $0.24 support level after losing 3.19% last week and gaining 0.82% to trade around $0.246. The cryptocurrency faces resistance at $0.26, a level it has tested several times without breaking through. To reach the $2 target mentioned by some analysts, including Lark Davis, ADA would need to rally over 700% from current levels. Cardano’s DeFi TVL has dropped from $140 million to approximately $60-70 million, signaling weakened activity that does not support a long-term bullish scenario. The $0.26 level therefore represents a more realistic test than the $2 projection under current conditions.
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