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Cardano rose 10.6% to target US$0.44, Internet activity hit a single-day high

2026-08-22 12:14:14
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Cardano (ADA) regained its key trend line, setting record Internet activity, and prices rebounded by 10.6%

Cardano (ADA) showed new upward momentum after regaining a key trend line. Network data showed a significant increase in user activity. ADA prices have risen 10.65% in the past 24 hours, signaling a possible turn to a bullish recovery.

ADA recovers trend line, or signals a reversal signal.

As of press time, ADA trading price was US$0.2191, 24-hour trading volume was US$1.02 billion, and market value was US$8 billion. Recent price structures and stable network growth suggest that Cardano's prospects are improving.

Cryptocurrency analyst The Boss pointed out that after a long decline, ADA has regained momentum. The analyst said buyers had regained a short-term uptrend line, which could mean the end of the fundraising phase and the beginning of the recovery phase.

The next key resistance level is just above $0.22. Breaking through this level would confirm a bullish reversal and could open a path to the $0.31,$0.38 and $0.44 targets. Currently, ADA prices are still in the process of recovery, with the trend line serving as a key support level.

According to analysts who track ADA's technical structure, the increased momentum of Cardano's price trend, coupled with strong Internet activity, laid the foundation for further gains.

Cardano Internet activity sets record

Data from online data provider Chainspect shows that Cardano Internet activity has risen sharply. The platform reported that the number of online transactions almost doubled in two days.

After an initial single-day surge of 48%, activity increased by 33%, bringing Cardano's number of transactions to more than 32,000 that day-a new single-day record for the network.

This increase reflects continued user engagement, rising adoption rates, and an increasing number of participants are trading through Cardano's blockchain infrastructure.

Higher trading volumes may signal increased demand for Cardano infrastructure and may have a positive impact on market sentiment.

Comparison of key data:

ADA price: previous US$0.198 → current US$0.2191, an increase of +10.65%
24-hour trading volume: no previous data → current US$1.02 billion
Internet trading volume: About 16,000 cases previously → 32,000 cases currently, an increase of +100%

Market outlook depends on resistance range

ADA's future trend is expected to largely depend on whether it can remain above the key $0.22 resistance level. After a successful breakthrough, the ADA may challenge the resistance levels pointed out by analysts at $0.31,$0.38 and $0.44.

If it fails to break through the US$0.22 resistance level, the ADA may consolidate at a lower level and delay further gains.

The improvement in market sentiment was also due to the overall rise in the cryptocurrency sector, and Bitcoin also began to rise.

The combination of uptrend lines, increasing buying pressure and record on-chain trading suggests that Cardano's recovery scenario is strengthening, while US$0.22 resistance remains a key level for observing the next round.

The continued expansion of Cardano's Internet usage has boosted the optimism of market observers. However, analysts warned that whether trading prices remain above key support and resistance levels will determine the direction of the next price move.

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