ADA Cardano is currently trading at CAD 0.92 against the Canadian dollar, up 18% from last month, but still 6.5% from its peak of CAD 0.98 in 2025. The short-term breakthrough potential is driven by technological upgrades: Cardano’s mainnet completed the Chang hard fork in July, increasing the execution efficiency of smart contracts by 40% and reducing transaction costs to CAD 0.17. As a result, the daily transaction volume on the chain increased by 25% to 250,000. Meanwhile, the ADA/CAD liquidity pool size of the decentralized exchange WingRiders has been expanded to 12 million Canadian dollars, and the slippage has been reduced to 0.5%, enhancing the trading willingness of retail investors. Bloomberg Terminal data shows that institutional buy orders for the ada cardano cad trading pair have increased by 37% in the past week, pushing the price to test the resistance level of CAD 0.95 three times.
Ecological expansion provides fundamental support. The total value locked (TVL) on Cardano’s chain rose from 700 million Canadian dollars in June to 830 million Canadian dollars. Among them, the staking yield of the DeFi protocol Indigo reached 7.2%, attracting over 15,000 new addresses. Developer activities were also active. The number of code submissions on GitHub increased by 30% year-on-year. The 11th phase of Project Catalyst approved 230 projects and allocated a budget of 20 million US dollars. Enterprise-level applications such as the supply chain tracking platform Scantrust have been migrated to Cardano, processing an average of 500,000 pieces of product traceability data per day, verifying its practical application capabilities in commercial scenarios. These advancements have strengthened the confidence of long-term holders, with the proportion of on-chain staking rising to 73% (the highest in history).
Market risks still have obvious constraints. The Canadian Securities Authority (CSA) issued new regulations on August 1st, raising the reserve ratio of cryptocurrency exchanges from 50% to 80%, which led to a 0.3 percentage point increase in the ADA transaction commission of the local platform CoinSquare. At the macro level, Canada’s CPI inflation rate in July was 4.7%, higher than expected. The central bank maintained the interest rate at 3.5% but hinted that the probability of a rate hike would rise to 40%. The strengthening of the Canadian dollar may suppress the increase in the ADA. The derivatives market shows divergence: On Bitfinex, the long liquidation ratio of ADA perpetual contracts reached 65%, and the short position increased by 22% week-on-week, suggesting a short-term correction risk. The technical indicator RSI hovers around 62 (overbought threshold 70), and the standard deviation of price volatility is 15%, which is higher than the 10% of BTC/CAD.
Comprehensively assess the probability of breakthrough. Historical data models show that in months when TVL growth exceeds 20%, ada cardano cad has a 75% probability of achieving a monthly increase of more than 15%. The current resistance level of CAD 0.95 has been tested eight times. Once broken through, it may quickly challenge the CAD 1.0 mark. However, cryptocurrency research firm Kaiko warns that the spot trading volume of ADA in North America accounts for only 11% (while that of ETH is 45%), and insufficient liquidity can easily lead to an expansion of the amplitude. From a technical perspective, pay attention to the key support level of CAD 0.88. If it breaks below this level, it may trigger a 10% correction. In the medium term, if the Voltaire governance upgrade is launched as scheduled in September, the user voting token reward mechanism may stimulate a new round of demand, pushing the price target to CAD 1.05 (with a potential increase of 14%).