Cardano (ADA) has regained bullish momentum, rising above $0.64 as its staking address count surpasses 1.3 million, a significant milestone that underscores growing investor confidence and long-term commitment to the network.
ADA traded as high as $0.6502 early Monday before consolidating near $0.646, representing a 3% gain over 24 hours.
The breakout above the $0.635 resistance level marked a critical technical development. ADA’s price structure is now forming higher highs and higher lows, supported by increasing trading volume — a classic signal of bullish continuation.
Cardano’s Staking Ecosystem Hits New Highs
The surge in staking participation is one of the key metrics reinforcing Cardano’s position as a leading proof-of-stake blockchain.
With over 1.3 million staking addresses now live, Cardano is among the most actively staked assets in the crypto ecosystem.
This growth reflects user confidence in the network’s long-term prospects, especially as developers expand Cardano’s ecosystem with DeFi, stablecoin, and liquidity initiatives. Notably, Charles Hoskinson, Cardano’s founder, recently proposed allocating $100 million in ADA from the treasury toward Bitcoin and stablecoins to boost decentralized finance liquidity.
Technical Breakout Confirmed by Volume and Structure
The price action on Monday was supported by strong market participation:
- Intraday range: $0.6219 to $0.6502 (4.55% swing)
- Breakout point: Resistance at $0.635 broken on high volume
- Support levels established: $0.637 and $0.648
- Key volume moment: At 07:15 GMT, ADA spiked nearly 0.4% on 5.3 million units traded — the most active minute of the period
- Final hour: Price moved from $0.646 to $0.649 with a 0.5% gain, maintaining the upward structure
These movements reinforce bullish momentum and suggest accumulation is occurring near the upper range of ADA’s current price channel.
Despite Whale Outflows, Sentiment Remains Strong
Over 270 million ADA were reportedly moved by whales over the past week. Despite this, retail and mid-sized investors have continued to stake and accumulate ADA, highlighting resilient sentiment across the market.
Conclusion: Bullish Fundamentals Back ADA’s Breakout
Cardano’s breakout above $0.64 is backed not just by technicals, but by on-chain strength.
With over 1.3 million addresses now staked, and developer-led initiatives underway, ADA is signaling strong fundamentals that could support further price appreciation — especially if bullish volume continues to rise.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.