ADA Holds Above $0.64 as Cardano Staking Addresses Reach New Peak
Cardano’s native token ADA extended gains early Monday, trading around $0.6460 after climbing nearly 3% in the past 24 hours. The move comes as the network surpassed 1.3 million active staking addresses, underscoring Cardano’s continued appeal to long-term participants.
The latest milestone, shared by analytics firm TapTools, highlights Cardano’s strength as one of the most widely staked blockchain platforms. The surge in staking activity follows a recent proposal by founder Charles Hoskinson to allocate $100 million in ADA toward Bitcoin and stablecoins — a plan aimed at boosting liquidity across the network’s DeFi landscape.
Despite notable whale outflows in recent days — with more than 270 million ADA leaving large wallets — ADA price action has held firm. The token broke above the $0.635 resistance level and is consolidating just under its session high of $0.6502.
Technical Snapshot:
- ADA traded within a $0.6219–$0.6502 range, a 4.55% spread.
- Resistance at $0.635 was breached and flipped to short-term support at $0.637 and $0.648.
- Momentum was confirmed by rising volume and a consistent pattern of higher lows.
- A burst in trading activity at 07:15 GMT saw ADA spike 0.4% in one minute, marking the highest-volume trade of the day.
- The trend remains bullish, with late-session candles showing continued accumulation near local highs.
The breakout and sustained support suggest that ADA may be primed for a move toward the $0.66–$0.68 range if broader market sentiment remains favorable.
