Cardano (ADA) Breaks Above $0.64 as Staking Addresses Top 1.3 Million
Cardano’s ADA
token climbed 3% over the past 24 hours, trading near $0.6460 at midday Monday after reaching a high of $0.6502. The price advance coincided with a new staking milestone that reinforces the network’s long-term strength.
According to an X post by TapTools, Cardano has now surpassed 1.3 million staking addresses, cementing its status as one of the most widely staked blockchains in the world. This comes amid ongoing development within the ecosystem and follows founder Charles Hoskinson’s proposal to allocate $100 million in treasury ADA toward Bitcoin and stablecoins to enhance DeFi liquidity.
Despite recent whale outflows — amounting to over 270 million ADA in the past week — market sentiment has remained constructive. ADA maintained its upward trajectory throughout the analysis period, reflecting steady buyer interest. The token continues to trade just below its daily peak and shows signs of accumulation near the top of its current range.
Technical Analysis Highlights
- ADA traded between $0.6219 and $0.6502 during the analysis period, marking a 4.55% intraday range.
- The price broke above $0.635 resistance and established support at $0.637, later reaffirmed at $0.648.
- Higher lows and steadily increasing volume confirmed a bullish continuation pattern.
- At 07:15–07:16 GMT, ADA jumped nearly 0.4% on volume exceeding 5.3 million units — the most active minute in the observed period.
- Toward the end of the analysis window, ADA moved from $0.646 to $0.649 before briefly consolidating around $0.646.
- The final hourly candle within that timeframe closed with a 0.5% gain, preserving the uptrend structure.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
