Cardano's daily active addresses surged to roughly 27,500 following the activation of the CIP-0113 upgrade, a level about 1.7 times the September weekday average. Despite the uptick in on-chain participation, ADA declined over the period, while analysts laid out a conditional recovery path toward $0.90 that hinges on reclaiming key resistance levels.

Active Addresses Jump After CIP-0113 Goes Live

On-chain analytics firm Santiment reported that Cardano's daily active addresses reached approximately 27,500 on October 7 and 27,200 on October 8, sharing the data via its official X account. Both readings stood around 1.7 times the September weekday average, though activity remained below the late-August peak.

Active-address counts — a standard on-chain participation metric tracking the number of unique addresses active in a given period — are widely monitored across major blockchains as a gauge of network usage.

The increase coincided with CIP-0113 going live on Cardano's mainnet on October 7. CIP stands for Cardano Improvement Proposal, the network's formal process for introducing standards and protocol changes; the CIP-0113 token standard is associated with expanding token functionality on the network, making its rollout a plausible explanation for the additional engagement.

Santiment also noted that Bitcoin and Ethereum active addresses stayed at or below their September norms during the same period, suggesting Cardano's rise was not simply part of a broad increase in on-chain engagement across major cryptocurrencies. However, the timing alone does not prove the upgrade caused the increase, and further data will be needed to determine whether the added activity reflects sustained adoption or a temporary response to the launch.

Why the Activity-Price Divergence Matters

The key development is the divergence between Cardano's network activity and its price performance. According to Santiment, ADA fell approximately 13% between the October 6 close and October 8, even as more addresses interacted with the network — evidence 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 holdings. The figures therefore offer evidence of increased engagement rather than a standalone bullish signal, which is why on-chain metrics are generally read alongside price and volume data rather than in isolation.

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.

Analyst Maps Conditional Recovery Toward $0.90

Analyst Giannis Andreou's weekly-chart analysis, outlined in an X post, presents a conditional recovery scenario for Cardano beginning with the $0.22–$0.25 support zone. Holding that area would help preserve the recovery structure and allow ADA to attempt a move toward higher resistance levels.

The first major hurdle sits at $0.30–$0.35. In the analyst's assessment, a weekly reclaim followed by a successful retest would strengthen the bullish case, and turning the range into support would provide more meaningful confirmation than a brief move above resistance. Multi-level roadmaps of this kind are a common feature of technical analysis, with each zone serving as a checkpoint that either strengthens or invalidates the broader setup.

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.

Andreou's longer-term roadmap extends toward $0.90, 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 participation, but its lasting impact will depend on adoption after launch.

Meanwhile, the technical picture suggests ADA needs to reclaim $0.30–$0.35 before the recovery case gains stronger confirmation. Near-term checkpoints include whether daily active addresses hold above the September weekday average in the sessions following the launch, and whether the $0.22–$0.25 support zone continues to hold. 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.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.