Cardano Climbs as Staking Addresses Top 1.3M, Holding Firm Above $0.64
Cardano’s ADA is showing fresh strength in early-week trading, holding steady above the $0.64 mark as staking participation on the network hits record levels.
ADA was trading near $0.6460 midday Monday, posting a 3% gain over the past 24 hours after touching an intraday high of $0.6502. The price momentum came alongside a key network milestone: over 1.3 million active staking wallets, according to blockchain analytics platform TapTools.
This growth in staking interest adds to bullish sentiment around Cardano, even as the market digests recent whale outflows totaling more than 270 million ADA over the past seven days. Despite those large movements, ADA has continued to rise, suggesting growing support from retail and institutional buyers.
Founder Charles Hoskinson recently proposed allocating $100 million worth of ADA from Cardano’s treasury into Bitcoin and stablecoins to strengthen decentralized finance liquidity across the network — a move that may have further energized investor interest.
Market Technicals at a Glance:
- ADA traded between $0.6219 and $0.6502 in the last 24 hours, marking a solid 4.55% intraday swing.
- It broke through resistance at $0.635 and retested support levels at $0.637 and $0.648.
- Volume confirmed the breakout, especially during a 60-second window at 07:15 GMT when over 5.3 million ADA changed hands.
- The token showed signs of steady accumulation, closing the most recent hourly candle with a 0.5% gain.
With price structure leaning bullish and staking engagement accelerating, ADA could be poised for a fresh test of higher resistance levels in the sessions ahead.
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