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Cardano price holds above $0.254 amid Japan partnership and rising network activity

Market News
02 Oct 2026
Blockonomi
View Source
Bullish
Cardano price holds above $0.254 amid Japan partnership and rising network activity

Cardano (ADA) maintains its price above $0.254, supported by a strategic partnership with Pacific Meta to boost blockchain adoption in Japanese enterprises. The network saw a sharp rise in daily active addresses from 15,588 to over 27,500 in one week, signaling growing usage. Positive funding rates reflect optimistic trader sentiment, though futures markets show some caution due to whale selling pressure. Analysts forecast bullish price targets of $1, $3, and $5 if key support levels hold, with near-term resistance at $0.299 crucial for continued gains.

Cardano (ADA) shows a positive trend on Pluang, trading at Rp4.564 with a 1-day gain of 2.26% as of Oct 02, 2026 15:11 WIB. This price level contrasts with its 52-week range, highlighting renewed investor interest possibly linked to its partnership news. ADA's market cap stands at Rp166.43 trillion, supported by a strong buy sentiment with 69% of Pluang orders favoring purchases and a typical hold time of 126 days, indicating confidence among retail investors.

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