Cardano rose 16% in a single day, climbing from about $0.25 to nearly $0.312 and pushing its market capitalization to roughly $10.6 billion. That move returned ADA to the global top 10 cryptocurrencies by market value. The rally came as several bullish inputs lined up at once: a wider market rebound, sustained whale accumulation, and a sharp increase in trading activity.
Broader crypto rebound lifted major assets
The source says the total crypto market cap reached $2.34 trillion, up 4.4%. Major tokens including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Cardano moved higher during the same stretch. ADA outperformed many of them on the day, rebounding quickly from its intraday low and regaining a place among the largest crypto assets.
Large wallets added 819.4 million ADA in six months
Santiment data cited in the report shows that wallets holding between 100,000 and 100 million ADA accumulated more than 819.4 million ADA over the past six months. The article values that amount at about $213.9 million, equal to roughly 1.6% of Cardano’s total supply. According to the report, this kind of accumulation has often appeared during early recovery periods in crypto markets.
Volume jumped 181% and short liquidations added fuel
Spot activity also expanded sharply. ADA’s 24-hour trading volume surged 181% to $1.15 billion, a sign that the price move was backed by heavier participation. Over the same period, the token saw about $2.4 million in liquidations, with roughly 75% coming from short positions. That imbalance suggests short covering helped accelerate the advance.
$0.35 is the next key level on the chart
On the daily chart described in the source, ADA has been compressing near the $0.27 to $0.28 support zone after months of decline, forming a tight triangle pattern. Price is now testing a short-term descending trendline near $0.29.
The report says a confirmed daily close above $0.35 could open the way toward $0.40, followed by a stronger resistance area near $0.50. If bullish momentum keeps building, the projected upside on the chart points to the $0.70 to $0.73 zone.