Cardano’s stablecoin market expanded 60% over the past seven days just as ADA moved back to a critical support zone. Technical analyst Ali Charts said the monthly chart places key support at $0.247, while the three-day chart points to $0.243. ADA recently traded as low as $0.232, leaving traders focused on whether daily closes can hold above those levels.
$0.243 Becomes the Immediate Line to Watch
Ali Charts said Cardano is attempting to stay above a multi-year support band. In his view, a close below $0.247 could add short-term selling pressure. The $0.243 zone has previously acted as a rebound area in both bullish and bearish periods for ADA, so holding it could open room for a near-term recovery. On the upside, the closest notable resistance is near $0.30.
If ADA records a daily close under $0.243, the chart setup could weaken more. The report lists lower targets at $0.113 and $0.051, while the yearly low around $0.10 has returned to focus. The market is already testing support. Closing levels now matter more than intraday swings.
USDCx Minting Added Nearly $8 Million in Two Days
While ADA faces price pressure, capital flow on Cardano has picked up through stablecoins. Messari data shows Cardano’s stablecoin market capitalization climbed 60% in one week, ahead of Polygon’s 38.8% increase and above the growth seen on HyperEVM and XDC Network. Total stablecoin supply on the network now stands at about $54.88 million.
USDCx accounted for much of that rise. According to Cexplorer, nearly $8 million worth of USDCx was minted in just two days, adding liquidity to Cardano DeFi. By market share, USDCx represents 45.21% of supply, followed by USDM at 26.92%, USDA at 15.45%, and DJED at 5.93%.
Net Stablecoin Inflows Near $8.55 Million This Epoch
Stablecoin flows by epoch also show money moving onto the network. Net inflows in the current period reached nearly $8.55 million, with $9.57 million in newly minted stablecoins offset by about $1.02 million burned. That means more stablecoins entered Cardano than left it during the measured window.
The article notes that stablecoins are central to trading, lending, and payments, so supply growth usually supports broader network liquidity. Cardano still remains much smaller than Ethereum and Tron in stablecoin scale, but the latest weekly increase stands out relative to its size. Charles Hoskinson has previously said Cardano needs direct integration of a high-volume stablecoin such as USDC or USDT; for now, USDCx and the network’s existing stablecoins are carrying the heaviest transaction load on-chain.