Cardano experienced a notable surge in network activity on October 7 and 8, with daily active addresses reaching 27,500 and 27,200 respectively, according to Santiment data. Both readings represented approximately 70% above the September weekday average, indicating increased interaction on the public blockchain.
The price movement accompanied this activity spike, with ADA rising 6.80% over 24 hours to $0.257 on Saturday, outperforming Bitcoin during the period. The token has reclaimed the $0.25 level, placing the $0.30 mark in focus following 20% gains over the previous month.
Network Milestones and DEX Volume
Cardano's cumulative transaction count has surpassed 125 million since the network's 2017 launch. CardanoScan data showed epoch 660 recorded approximately 450,000 transactions, compared to recent epochs averaging 130,000 to 160,000.
Decentralized exchange activity on the network also increased significantly. According to DeFiLlama, weekly DEX volume reached 37.14 million on October 3, representing 112% growth. SundaeSwap led with $23.51 million in volume, while Minswap recorded $6.59 million during the same period.
Price Levels and Technical Indicators
ADA price reached $0.256 on October 10, with near-term resistance identified at $0.27. Technical analysis suggests that sustained closes above this level could lead to a retest of $0.280. The longer-term target identified in analysis is $0.30, corresponding to upper horizontal resistance levels.
Support for the recovery is anchored at $0.250, with a secondary support zone at $0.230. The MACD indicator showed momentum near zero but with a slightly positive histogram, while the Chaikin Money Flow increased to 0.09 after previously moving into negative territory.
