Cardano’s daily active addresses surged to nearly 27,500 after the CIP-0113 upgrade went live, reaching around 1.7 times the September weekday average. However, ADA fell during the same period, while analysts outlined a conditional recovery path toward $0.90 if key resistance levels are reclaimed.
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Cardano Active Addresses Jump After CIP-0113 Upgrade
Santiment reported that Cardano’s daily active addresses reached approximately 27,500 on October 7 and 27,200 on October 8. Both readings were around 1.7 times the September weekday average, although activity remained below the late-August peak.
The increase coincided with CIP-0113 going live on Cardano’s mainnet on October 7. The token standard is associated with expanding token functionality on the network, making its rollout a possible explanation for the additional engagement.
Source: Santiment
Santiment also noted that Bitcoin and Ethereum active addresses remained at or below their September norms during the same period. This suggests Cardano’s activity increase was not simply part of a broad rise in on-chain engagement across major cryptocurrencies.
However, the timing alone does not prove that the upgrade caused the increase. Further data will be needed to determine whether the additional activity reflects sustained adoption or a temporary response to the launch.
Why Is the Market Watching Cardano’s Activity?
The divergence between Cardano’s network activity and its price performance is the key development.
According to Santiment, ADA fell approximately 13% between the October 6 close and October 8. The decline occurred even as more addresses interacted with the network, showing that increased activity does not necessarily translate into immediate buying pressure.
Active addresses provide a measure of network participation, but they do not reveal whether users are accumulating ADA, transferring tokens, interacting with applications or selling their holdings. The figures therefore offer evidence of increased engagement rather than a standalone bullish signal.
For Cardano, the next important question is whether the activity increase persists beyond the token-standard launch. Sustained engagement would provide stronger evidence that the network is attracting continued use, while a return to previous levels would suggest the spike was temporary.
Also Read: ADA Price Gains Attention as Cardano Expands Trustless Payment Use Cases
Giannis Andreou Maps ADA Recovery Toward $0.90
Analyst Giannis Andreou’s weekly-chart analysis outlines a conditional recovery scenario for Cardano, beginning with the 0.22–0.25 support zone. Holding this area would help preserve the recovery structure and allow ADA to attempt a move toward higher resistance levels.
The first major hurdle is 0.30–0.35. According to the analyst’s assessment, a weekly reclaim followed by a successful retest would strengthen the bullish case. Turning this range into support would provide more meaningful confirmation than a brief move above resistance.
Source: Analyst Giannis Andreou X post
Beyond that zone, 0.40–0.45 represents another potential obstacle, followed by resistance around 0.55–0.65. These areas could become relevant if ADA establishes a sustained recovery, but each would need to be cleared before the next stage of the projected move becomes plausible.
The analyst’s longer-term roadmap extends toward $0.90. This remains a conditional target rather than an expected immediate move, as Cardano would need to overcome several resistance zones along the way.
On the downside, a sustained break below $0.22 would weaken the recovery setup and bring the recent price base back into focus.
What Could Shape the ADA Price Outlook?
Cardano’s near-term outlook depends on whether rising network engagement develops into sustained activity and whether buyers can establish a stronger price structure.
The CIP-0113 rollout provides a possible catalyst for increased network participation, but its lasting impact will depend on adoption after launch. Meanwhile, the technical picture suggests that ADA needs to reclaim 0.30–0.35 before the recovery case gains stronger confirmation.
For now, on-chain activity offers a reason to monitor Cardano, while price action remains the more direct indicator of whether buyers are regaining control. A sustained breakout could improve the outlook, whereas renewed weakness below support would undermine the bullish scenario.
Also Read: Cardano Expands RealFi Push as ADA Price Setup Gains Attention
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
