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Cardano surges 31% with rising wallets and strong futures interest amid governance audit

Technical Signals
06 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Cardano (ADA) rallied over 31% last week, reaching a peak near $0.199 before settling around $0.188. The surge followed a low near $0.14 in late June and was supported by new wallet growth and increased futures open interest hitting $515 million, signaling renewed retail and speculative interest. Despite positive momentum and technical support at the 50-day EMA, mixed futures sentiment and resistance levels near $0.195 to $0.219 suggest caution. Meanwhile, founder Charles Hoskinson launched a governance audit amid ongoing disputes, with scalability upgrades expected later this year, highlighting both technical and organizational developments for ADA's future.

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