Litecoin Climbs Over 2% as Whale Holdings Grow and Price Breaks Key Resistance
Cardano (ADA) Breaks Above $0.64 as Staking Addresses Top 1.3 Million
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Siamak Masnavi
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By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf
Jun 16, 2025, 12:16 p.m.
- ADA rose 3% over the past 24 hours to $0.6460, peaking at $0.6502 before retracing slightly, according to CoinDesk Research’s technical analysis model.
- The token broke through resistance at $0.635 on strong volume, forming an uptrend with higher highs and higher lows.
- Cardano now has over 1.3 million staking addresses, according to TapTools, reaffirming its position as one of the most actively staked networks globally.
Cardano’s ADA
token climbed 3% over the past 24 hours, trading near $0.6460 at midday Monday after reaching a high of $0.6502. The price advance coincided with a new staking milestone that reinforces the network’s long-term strength.
According to an X post by TapTools, Cardano has now surpassed 1.3 million staking addresses, cementing its status as one of the most widely staked blockchains in the world. This comes amid ongoing development within the ecosystem and follows founder Charles Hoskinson’s proposal to allocate $100 million in treasury ADA toward Bitcoin and stablecoins to enhance DeFi liquidity.
STORY CONTINUES BELOW
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Despite recent whale outflows — amounting to over 270 million ADA in the past week — market sentiment has remained constructive. ADA maintained its upward trajectory throughout the analysis period, reflecting steady buyer interest. The token continues to trade just below its daily peak and shows signs of accumulation near the top of its current range.
Technical Analysis Highlights
- ADA traded between $0.6219 and $0.6502 during the analysis period, marking a 4.55% intraday range.
- The price broke above $0.635 resistance and established support at $0.637, later reaffirmed at $0.648.
- Higher lows and steadily increasing volume confirmed a bullish continuation pattern.
- At 07:15–07:16 GMT, ADA jumped nearly 0.4% on volume exceeding 5.3 million units — the most active minute in the observed period.
- Toward the end of the analysis window, ADA moved from $0.646 to $0.649 before briefly consolidating around $0.646.
- The final hourly candle within that timeframe closed with a 0.5% gain, preserving the uptrend structure.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
