Key Highlights
- Cardano’s price has climbed more than 15% over the past seven days, now trading above the $0.160 mark
- Large wallet holders have accumulated 150 million ADA tokens throughout recent price corrections starting June 25
- A newly launched ADA Pay plugin extends Cardano payment acceptance to more than 7 million merchants globally
- Futures Open Interest has surged to $403 million, accompanied by positive funding rates
- Critical resistance level identified at $0.173, while structural support remains established near $0.138
Cardano (ADA) has experienced a notable upward trajectory this week, climbing more than 15% to trade above the $0.160 threshold by Friday. This price movement coincides with the introduction of innovative payment infrastructure and significant accumulation activity from major token holders.
The recently introduced ADA Pay plugin represents a significant development, enabling over seven million merchants worldwide to integrate Cardano as a payment option. Community contributor MB announced this advancement, positioning it as an important milestone for expanding ADA’s utility beyond cryptocurrency trading platforms.
This payment solution provides merchants with a streamlined integration process, eliminating the need for extensive custom development. Should widespread adoption materialize, consumers could begin utilizing ADA for routine transactions across these participating businesses.
Cryptocurrency analyst Globe Of Crypto noted on X that ADA appears to be rebounding from support levels within a descending wedge formation, indicating that a potential breakout scenario could propel the token toward $0.35 over the coming months.
$ADA #ADA
Getting bounce from support in the verge of Falling Wedge.
Breakout could lead a solid recovery towards $0.35 during midtermpic.twitter.com/iiLZJEpv4E
— Globe Of Crypto (@GlobeOfcrypto1) July 1, 2026
Market metrics confirm the upward price action. Cardano’s market capitalization hovers around $5.78 billion, while daily trading volume approaches the $500 million threshold, demonstrating a substantial increase in buying pressure.
Major Token Holders Increase Positions
Blockchain analytics from Santiment reveal that significant wallet addresses have been strategically accumulating during recent price declines. Addresses controlling between 100,000 and 100 million ADA tokens have collectively added 150 million tokens to their holdings since June 25.
Such accumulation patterns during price corrections typically indicate that major stakeholders maintain confidence in the asset’s valuation at present levels. This behavior can also establish price support by decreasing the circulating supply available for market sales.
Futures Market Shows Optimistic Sentiment
Futures Open Interest has expanded to $403 million as of Friday, representing a substantial increase from the $335 million recorded in mid-June. When Open Interest rises in conjunction with price appreciation, it generally suggests fresh capital inflows rather than mere speculative repositioning.
Funding rates for ADA futures contracts shifted to positive territory on Monday, registering 0.0085% by Friday’s session. Positive funding rates indicate that traders maintaining long positions are compensating those holding short positions, which conventionally signals optimistic market sentiment.
The Relative Strength Index hovers near the neutral 50 threshold, while the MACD indicator trades marginally above the zero line, suggesting momentum is consolidating rather than exhibiting strong directional acceleration.
Cardano core developer Dave emphasized the network’s eUTXO architecture, noting that developers can precisely calculate transaction fees and anticipated outcomes prior to execution. He stressed that this capability minimizes failed transactions, which proves particularly valuable for financial applications requiring transparent cost structures.
Cardano continues to encounter resistance at the 23.6% Fibonacci retracement level near $0.173, with additional supply concentrations identified between $0.185 and $0.245. Should a retracement occur, support remains established in the vicinity of $0.138.
The post Cardano (ADA) Surges 15% as Whales Accumulate 150M Tokens and Payment Plugin Reaches 7M Merchants appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.