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Cardano (ADA) showed strong momentum, decentralized trading volume surged 300%, and large investors

2026-09-06 20:41:12
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Core Highlights

  • Large holders continue to increase their holdings, providing support for prices
  • Technical analysis overview: Cardano's current price fluctuates in the range of US$0.21-US$0.224, with moderate weekly gains
  • Technical analysts predict a possible rebound to US$2.90, Potential upside is 14 times
  • Trading volume on the Cardano Network Decentralized Exchange (DEX) surged from US$2 million to more than US$7 million in 48 hours,
  • Major wallet addresses with 1 million to 10 million ADA holdings added 60 million tokens in the latest round of holdings
  • Multiple technical indicators, including RSI and MACD, showed bullish momentum

As of Friday's trading session, Cardano (ADA) costs approximately $0.224. Earlier this week, the digital asset established solid support above the key moving average level and has since maintained its upward momentum. In the past seven days, the ADA has increased by approximately 17%, driven by an expansion in chain activity and a huge increase in holdings by institutional wallet holders.

Cardano (ADA) Price Trend Analysis

A market analyst who expressed his views on the X platform expressed optimism about ADA's prospects, predicting that its price would rise sharply by 14 times, pushing Cardano from current levels to about $2.92. According to the analyst, a market bottom may have been established, setting the stage for the ADA to open a significant upward channel.

Market commentator Sssebi expressed his views on the X platform, pointing out that "$ADA has not given up" and emphasizing that "the longer it takes to test resistance levels, the greater the possibility of a breakthrough." The comments come as the ADA continues to test key resistance areas.

$ADA is not giving up!
The longer it tests the resistance, the higher chance to break it
pic.twitter.com/rwV3AhrGju

Sssebi (@Sssebi)
September 5, 2026

DeFiLlama's blockchain analysis data shows that Cardano's decentralized exchange trading activity experienced a staggering triple expansion in just 48 hours, soaring from US$2.01 million to US$7.28 million.

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