Cardano Active Addresses Near 27,500 as ADA Falls 13%

Cardano active addresses reached nearly 27,500 on Oct. 7, about 1.7 times September’s weekday average, despite ADA’s 13% decline. CIP-0113 launched on Cardano’s mainnet on Oct. 7, coinciding with rising network activity, though causation remains unconfirmed. ADA trades near $0.254, with $0.234 support critical; a breakdown could expose $0.215 and $0.196, while resistance is at 0.27–0.28. Cardano’s daily active addresses climbed to nearly 27,500 on Oct. 7 as ADA prices fell 13% over two days. Santiment Intelligence reported that activity remained elevated on Oct. 8, reaching about 27,200 addresses, roughly 1.7 times September’s weekday average.

Source: Crypto Front News