Cardano rose more than 11% as Bitcoin climbed to about $67,500, lifting the broader crypto market cap. ADA was around $0.29, up 11% in the last 24 hours as Bitcoin reclaimed $67,500 with leading alts tracking higher.
On-chain data show large holders have continued accumulating Cardano during the downturn, testing resistance above $0.30. Santiment data shows wallets holding 100,000 to 100 million ADA amassed more than 819 million ADA over the past six months, totaling over $213 million despite a price decline.
From a technical standpoint, ADA has traded below the 20- and 50-day EMAs, with the RSI rising above 50 and the MACD flashing a bullish signal. A sustained close above the 50-day EMA on higher volume could pave the way to a test of the $0.50 level, while immediate overhead resistance sits near $0.31 and $0.48. Support is seen around $0.27–$0.28 in the near term.
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