The crypto market is on the rise, with major altcoins rallying in the past 24 hours. Cardano also saw strong gains and is currently trading at $0.8534, up 5.8%. It saw a rise in trading activity, with 24-hour volume hitting $2.98 billion, up 31.3% from the previous day.
Blockchain.com Adds Cardano to DeFi Wallet
Cardano has just been integrated into Blockchain.com’s DeFi Wallet, opening access to 37 million users. Users can send, receive, and hold ADA directly, right alongside Ethereum, Solana, Bitcoin, and more.
This update also brings support for Cardano Native Assets (CNAs), which allows access to the growing ecosystem of tokens built on Cardano, all from one secure wallet. Cardano founder Charles Hoskinson reacted to this, calling it a big step forward in ADA’s adoption. He praised the Midnight Foundation for successfully leading the negotiations that made this partnership possible.
Users can also stay ready for upcoming airdrops and explore new projects launching on Cardano and its sidechains. There is no need for external wallets or bridges.
Notably, Cardano is recognized as one of the top 3 most mature blockchains alongside Bitcoin and Ethereum, under the newly passed CLARITY Act in the U.S. However, GROK clarified that the bill does not explicitly name Bitcoin, Ethereum, Cardano, or any other project as “likely mature.”
The CLARITY Act sets criteria for what qualifies as a “mature blockchain” based on factors such as decentralization and token distribution.
On-Chain Metrics Show Strength
Data from Tap Tools shows that Google search interest in Cardano is surging to levels not seen since its 2021 all-time high.
On-chain data shows that the long-term holders are not selling, and the MVRV ratio suggests there’s room for more upside. Besides, ADA’s 20-day EMA has now crossed above the 50-day, 100-day, and, just recently, the 200-day EMA. This indicates strong upward momentum and a healthy trend.
Analysts See Breakout Potential
Cardano is trading around $0.835. Analyst Dan Gambardello notes that a major bullish signal is flashing as the weekly MACD just turned green, similar to its move in November 2020. This marked the start of the last bull market.
Key support sits at the 200-week moving average near $0.63, and a breakout could target $1.00–$1.15. However, a short-term pullback is possible. The RSI shows bearish divergence, and ADA may retest support levels in the $0.70s or $0.60s. Still, long-term indicators suggest strength is building.
