Cardano ADA Price Bounces Above Key Support After Japan Partnership

Cardano (ADA) is trading above $0.254, a key support level it had fallen below earlier in the year.

The price recovery comes on the heels of a partnership between the Cardano Foundation and Pacific Meta to boost enterprise blockchain adoption in Japan.

Daily active addresses have jumped from 15,588 to over 27,500 in a week, indicating rising network use.

Funding rates turned positive, but futures data shows some signs of overheating and bearish caution.