Cardano (ADA) Is Quietly Pulling Off a Bear Market Comeback And Retail Hasn't Noticed
Cardano (ADA) has staged a notable recovery, reaching $0.195 for the first time since July 4. The token rose by approximately 26% over the past week, making it one of the stronger performers in a choppy altcoin market.
According to Santiment, Cardano now has 7,070 fewer non-empty wallets than two months ago. This suggests the rally has occurred while some holders remain on the sidelines. Rising prices alongside falling wallet numbers can indicate that stronger buyers are absorbing supply, while retail confidence has not fully returned.
The rebound comes amid sustained ecosystem activity, including work on the Leios testnet, Hydra scaling, Mithril upgrades, Pyth integration, and fresh Catalyst funding.
Large investors have stepped in, accumulating more than 240 million ADA in just five days, according to analyst Ali Martinez. Market expert JAVON MARKS compared the token’s recent price action to its 2020-2021 performance and pointed to a potential move toward $2.90, though that target remains far above current levels. Leon Voss noted that ADA has broken above a long-term descending trendline and emphasized the importance of holding above $0.17.
Another bullish perspective came from Crypto Patel, who stated that ADA has completed one of its deepest corrections and returned to a historical demand zone where the previous major rally began. Patel estimates that a move above $0.28 would strengthen the bullish structure, while a break above $0.5 would provide further confirmation. A two-week close below $0.08 would invalidate the setup.
On the DeFi front, Cardano’s total value locked (TVL) climbed by about 11% over the past week, nearing $70 million from $62.32 million. Beyond market performance, the network ranked second in 30-day developer activity, according to Chainspect. Cardano recorded 43 developers in the past 30 days, ahead of Solana’s 21 but far behind Ethereum’s 475.