Cardano Price Set to Soar 80% as x402 Update Sparks Fresh Optimism

The price of Cardano (ADA) is attracting attention again after the network launched Proof-of-Concept update x402. The update enables on-chain AI payment interactions and strengthens Cardano’s growing ecosystem. This milestone comes at a time when technical indicators are signaling an upcoming phase of ADA’s price increase.

Cardano price builds structure towards potential breakout

As of October 28, ADA price is consolidating around $0.66 after bouncing off the strong demand zone in the range of $0.62 to $0.63. On the daily chart (10/28), there is a clear cup and handle pattern that has developed into a falling wedge pattern, which is often a sign of a major bounce.

If ADA is able to break the resistance level at $0.73, it could trigger an 80% breakout towards $1.20. This projection is in line with Cardano’s long-term price outlook, which suggests re-accumulation and a potential trend reversal. Interestingly, the RSI indicator started recovering from the lower region, signaling a strengthening momentum from the buyers’ side. Meanwhile, the trading activity that took place near the upper boundary of the wedge pattern indicated increased interest from both retail and institutional investors.

A strong close above $0.73 would confirm the continuation of the breakout, while a rejection in the area could lead to a temporary correction to $0.63 before going back up. As such, the current technical outlook tends to favor bullish sentiment, suggesting that ADA prices have the potential to return to the $1.00 level and even break the $1.20 psychological barrier before the end of the year, as long as the general market sentiment remains positive.

Cardano Strengthens AI Payment Capabilities Through x402 Integration

The x402 integration is a strategic move that connects Cardano with the broader AI-based economic ecosystem. According to developer Patrick Tobler, the technology enables AI agents to interact and perform on-chain transactions seamlessly.

This update introduces an automated and verifiable payment system between AI agents and other services. Charles Hoskinson called this upgrade “something really big for Cardano,” while emphasizing its long-term importance to the future of the blockchain. Specifically, this implementation bridges Cardano’s DeFi capabilities with real-world automation, allowing on-chain processes to take place without human intervention. It also creates a new programmatic utility layer that can increase network activity and demand for ADA.

This update also comes on the heels of REX-Osprey filing 21 single-asset-based crypto ETFs with the SEC, including one related to Cardano. Therefore, as AI-based payment networks expand, Cardano’s blend of scalability and smart contract precision has the potential to attract enterprise-level adoption. In the long run, such fundamental strengths can strengthen the price stability of ADA while driving the growth of the ecosystem more broadly, beyond the speculative cycles of the market.

Summary

Cardano price is expected to continue its recovery phase if ADA is able to stay above the $0.63 support level and break the $0.73 resistance. A confirmed breakout could push the price towards $1.00 and even $1.20 by early 2026. The x402 update further strengthens this bullish prediction by increasing Cardano’s role in AI-based payment systems. Therefore, the long-term outlook for Cardano price remains positive, with a potential upside of up to 80% in the coming weeks.

Disclaimer This content aims to enrich readers’ information. This information is collected from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.