Cardano (ADA) has jumped back into the top 10 cryptocurrencies by market cap after a strong 16% rally today. The token climbed from a low of $0.25 to nearly $0.312, pushing its total market value to around $10.6 billion.
Here’s what is actually driving the Cardano ADA price up today?
One of the main reasons behind this rally is the overall recovery in the crypto market. The total market cap has climbed to $2.34 trillion, up 4.4%. This strong move lifted major coins like Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Cardano.
After the sharp recovery, Cardano surged 16%, rising from a low of $0.25 to around $0.312.
Another major reason behind Cardano’s rally is strong accumulation by whales and large investors. According to Santiment data, wallets holding between 100,000 and 100 million ADA have accumulated over 819.4 million ADA in the past six months.
This amount is worth about $213.9 million and represents around 1.6% of Cardano’s total supply. Such accumulation has historically marked early recovery phases in crypto markets.
Another slight push came from Cardano price, which saw a massive surge in 24-hour trading volume, which spiked 181% to $1.15B, indicating strong buying pressure and validating the price move.
Interestingly, Cardano’s price also saw a strong liquidation of $2.4 million in the last 24 hours. Most of the liquidation, around 75%, came from short liquidation.
Looking at the Cardano daily chart, ADA shows early signs of a potential breakout after months of steady decline. Price has been trading inside a descending trendline since late 2025, forming lower highs and lower lows.
Recently, ADA compressed into a tight triangle pattern near the $0.27–$0.28 support zone, indicating reduced volatility and buildup for a larger move.
The price is now attempting to break above the short-term downtrend line around $0.29. A confirmed daily close above $0.35 could open the path toward $0.40, followed by a stronger resistance zone near $0.50.
The projected move on the chart suggests a possible upside toward the $0.70–$0.73 area if bullish momentum strengthens.
Cardano is up 16% due to a broader crypto market recovery, strong whale accumulation worth $213M, rising trading volume, and short liquidations.
Yes. Large wallets accumulated over 819 million ADA in six months, signaling confidence and often marking early recovery phases.
If ADA closes above $0.35, it could target $0.40, then $0.50. Strong momentum may even push it toward $0.70–$0.73.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
For much of the past decade, traditional banking and crypto have been presented as opposing…
Bitcoin’s chart is closely following the same structure that came before its last major recovery,…
THORChain has paused trading on most of its supported blockchains after an Ethereum block reorganisation…
An emotional open letter to Ripple CEO Brad Garlinghouse and CTO Emeritus David Schwartz has…
Ethereum co-founder Vitalik Buterin has landed in Mumbai ahead of Devcon, the Ethereum Foundation’s flagship…
Binance will begin restoring withdrawals on Sunday, November 1, after last week’s record hack, with…
