Cardano Price Surges Amid Network Activity Boom

Cardano's price has surged over 15% in recent days as Bitcoin pushed to an intraday high of $79,500. This uptrend has brought ADA closer to a crucial resistance zone around $0.25.

The combination of stronger price momentum and improving on-chain activity gives the latest rally added weight. Cardano's network activity has picked up sharply, with transactions climbing to 32,800 per day and active addresses rising to nearly 23,000.

Despite reaching overbought territory according to the Relative Strength Index (RSI), ADA's price continues to rise. However, derivatives positioning has slipped, suggesting that spot buying is driving the rally rather than fresh leveraged positions.