Cardano Surges 10% as Profit-Takers Rush In—ADA Bulls Back in the Driver’s Seat

Cardano’s ADA rockets into double-digit gains overnight—because what’s a crypto cycle without a few ’dead’ projects rising from the grave?

Profit supply spikes signal traders cashing out, but holdouts bet this is just the warm-up. Meanwhile, Wall Street still can’t decide if blockchain is ’the future’ or just an elaborate tax dodge.

One thing’s clear: the bulls aren’t waiting for permission.

Cardano’s 10% Pump Sparks Surge in Profitable Supply

On-chain data from Santiment reveals that Cardano’s double-digit rally has boosted the percentage of its supply in profit. As of this writing, approximately 74.14% of ADA’s circulating supply—equivalent to 26.91 billion tokens—is now held at a profit.

When an asset’s profit supply spikes, it means that a significant portion of its circulating supply is now worth more than when it was acquired. Historically, a rise in profit supply correlates with renewed accumulation and often hints at further upward momentum as market sentiment improves.

Moreover, in the ADA derivatives market, the coin’s funding rate remains firmly positive, indicating that traders are increasingly taking long positions in anticipation of continued gains. This is currently at 0.0099%.

The funding rate is a recurring payment between traders in perpetual futures contracts, designed to keep the contract price aligned with the spot market. 

When positive like this, traders holding long positions are paying those with shorts, indicating bullish sentiment and expectations of further price increases.

ADA Rally Gains Steam, but Profit-Taking Could Threaten $0.76 Support

With technical indicators flashing bullish and sentiment strengthening, ADA buyers have regained control, at least for now. If buying pressure strengthens and bull dominance remains, ADA could maintain its upward trend and rally to $0.84.

However, once buyers’ exhaustion sets in and traders begin to lock in their soaring profits, ADA could break below the support at $0.76 and fall toward $0.66.