Cardano Surges 18% as Dijkstra Era Sparks Bullish Sentiment

Cardano's price has surged by 18% in just one week, making it one of the strongest performers among large-cap altcoins. The altcoin's price was below $0.20 at the start of the week but rose nearly 10% on Sunday after the network shifted its focus to the Dijkstra era, a major development phase for Cardano.

The increase in ADA holders' Open Interest by 40%, from $369 million to $519 million since July 29, has likely contributed to the bullish price reaction. The shrinking wallet activity and big whale orders also suggest that investors are optimistic about Cardano's future.

A bullish projection for Cardano is for its price to reach targets above $0.20, but reclaiming $0.18 can be seen as a short-term signal of dominance. A bearish structure has unfolded for most of 2026, but it changed in early July when the high at $0.19 was breached.