Saad Ullah
Cardano just hit a major milestone that could change everything for ADA's price trajectory. With the ecosystem expanding and more investors jumping in, we might be looking at the setup for ADA's next big move.
ADA Price Action: The $0.89 Test
The network now has over 3.125 million holders, according to Mintern, and this surge in adoption comes right as ADA is testing crucial technical levels around $0.89.
Right now, ADA is trading at $0.893 and doing something important - it's holding above that 50-week moving average at $0.756. That's bullish territory, and the weekly chart shows we've been building higher lows throughout 2025. The RSI is sitting at 52, which is basically neutral ground where bigger moves often start brewing.
Here's what matters: if ADA can stay above $0.75, we're looking good. Break above $1 and things get interesting fast, with $1.20 and potentially $1.50 in play. But if we lose that $0.75 support, the rally might need to take a breather. The key support to watch if things go south is around $0.60.
Why 3.125M Holders Matters
This isn't just a vanity metric - it tells us something real about Cardano's staying power. The growth comes from several factors:
- Over half of all ADA is staked, which keeps it off exchanges and reduces selling pressure
- DeFi protocols like Minswap are pulling in more liquidity and users
- Both retail and institutional money is flowing into proof-of-stake assets
- People are betting on Cardano's long-term vision
When wallet growth is strong like this, it usually supports higher prices and helps coins weather market storms better.
If ADA keeps finding support above $0.75 and builds on this momentum, a push through $1 could be the catalyst for the next leg up toward $1.20 or higher. Even if we stumble a bit and dip below $0.75, the overall setup still looks constructive for bulls.
The combination of growing adoption, solid technicals, and that crucial holder milestone suggests ADA is gearing up for something bigger. Whether it happens in the next few weeks depends on overall market sentiment, but the pieces are falling into place for a potential breakout.
Saad Ullah
