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Cardano Price Tests Resistance Near $0.20 Amid Catalyst Fund Launch

Guavy AI Editorial Team Published August 5, 2026

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ADA

Cardano's price is hovering near $0.20 as traders test resistance in the cryptocurrency market.

The move comes on the back of Project Catalyst's announcement of a new 2.5 million ADA pilot fund aimed at supporting ecosystem development.

The fund will support projects focused on oracles, stablecoins, programmable tokens, and on-chain identity tools.

Derivatives data shows open interest in ADA derivatives has climbed above $540 million, indicating rising activity in the market.

Cardano's total value locked, transaction count, and active addresses have remained steady according to DeFiLlama data.

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