Cardano sets transaction record as whale activity surges
6.8 Markets Cardano set a transaction record amid a governance vote, with whale activity surging. ADA trades near $0.25; $0.31–$0.32 is key resistance. A close above $0.323 could confirm bullish momentum; $0.22 is critical support.
Cardano has drawn significant market attention following a surge in network activity and large-holder transactions. During Epoch 660, the blockchain processed a record 1,780,896 transactions, surpassing its previous all-time high. This spike was largely attributed to a community-driven governance vote, reflecting increased participation in decentralized decision-making. Despite this on-chain momentum, ADA’s price remains near $0.25. Analysts highlight the $0.31–$0.32 resistance range as crucial for a sustained bullish move. Whale transactions exceeding $100,000 have reached their highest level since June 4, indicating renewed interest from major holders. Technical analysis suggests that a weekly close above $0.323 is needed to confirm a shift away from bearish trends, while support at $0.22 is vital for maintaining recovery prospects. Although community engagement is rising, ADA’s price action has yet to mirror this momentum, leaving the token at a technical crossroads.
