Cardano Holds Above $0.64 as Staking Activity Surges Past 1.3 Million Wallets

Cardano’s ADA held its ground above the $0.64 mark on Monday, buoyed by surging staking participation and continued signs of bullish price momentum.

The token climbed roughly 3% over the past 24 hours, trading around $0.6460 midday after touching a session high of $0.6502. The move came alongside a notable network milestone: over 1.3 million active staking addresses, according to on-chain analytics platform TapTools. The surge reaffirms Cardano’s position as one of the most staked blockchain networks globally.

This development follows Cardano founder Charles Hoskinson’s recent proposal to inject $100 million from the project’s treasury into Bitcoin and stablecoins — a strategic move aimed at deepening DeFi liquidity within the Cardano ecosystem.

Despite more than 270 million ADA in whale outflows over the past week, broader market sentiment has remained supportive. ADA continued to attract buyers throughout Monday’s session, hovering just below its local peak and showing signs of consolidation near the top of its recent trading range.

Technical Snapshot:

• ADA moved within a 4.55% intraday range from $0.6219 to $0.6502.
• The token broke past resistance at $0.635 and found support levels at $0.637 and $0.648.
• Rising volume and higher lows confirmed a bullish continuation pattern in development.
• A sharp spike occurred at 07:15 GMT, with ADA jumping 0.4% on over 5.3 million tokens traded — the highest minute-volume in the observed period.
• Toward the close of the window, ADA climbed from $0.646 to $0.649 before consolidating.
• The final hourly candle closed with a 0.5% gain, reinforcing bullish structure and trader confidence.

With both fundamentals and technicals aligning, ADA appears to be building momentum for a potential breakout beyond current levels.