Bitcoin News Today: Stablecoin surges, pushing Cardano bull market to strengthen, pushing prices to $1.02
Source: CoinWorld
Time: 2025-09-08 19:02:21
Cardano (ADA) showed new bullish momentum, trading above $0.84 after rebounding from key support. On-chain data shows that the weighted financing rate of holdings is positive, above 0.0079%, indicating that long positions are increasing. Cardano's stablecoin transaction volume reached a record $40.37 million, indicating a growing network engagement. Technical indicators support the upward trend, breaking through the downward wedge pattern, and the MACD indicators are bullish crossing. Analysts believe that if the ADA remains above $0.84, it may be targeted at $0.92, or retest the August high of $1.02.