South Korea Pushes Cardano Trading to Third Globally With $126M ADA/KRW Volume

Cardano ADA/KRW pair hit $126.7M daily volume, nearly doubling Coinbase’s ADA/USD activity.

ADA gained 19.38% in a week, peaking near $1 before consolidating between $0.90 and $0.95.

Long-term charts show an ascending channel, with potential targets at $2.89, $6, $10, and beyond.

South Korea is recording a surge in Cardano ($ADA) trading, with Upbit’s ADA/KRW pair gaining global traction. Tap tools reveal that the pair registered $126.7 million in daily transactions, surpassing Coinbase’s ADA/USD volume by nearly two times. This placed the Korean market third worldwide, holding 5.52% of total ADA liquidity at a stable price of $0.9149.

Binance Dominates ADA Trading Volumes

An X post by Tap Tools confirms that the Binance platform remains the largest hub for ADA activity. Its ADA/USDT market led with $254.6 million in 24-hour transactions, securing 11.10% of global volume at $0.9121. Meanwhile, ADA/USDC followed with $149.5 million traded, representing 6.52% of total activity at $0.9122.

Source: X

Additionally, liquidity depth also showed strong order book support. Binance’s ADA/USDT maintained $4.44 million within +2% and $2.67 million within -2%. Similarly, Upbit sustained $1.5 million within +2% and $1 million within -2%, signaling South Korea’s growing market influence.

ADA Price Action Revealed

Tracking the ongoing price trend for Cardano, a CoinMarketCap chart analysis at the time of writing indicates that Cardano ($ADA) is trading at $0.9275 after recording steady upward movement throughout the past week. The token gained 19.38% within seven days, reflecting one of its strongest price performances this month.

Source: CoinMarketCap

On August 13, ADA traded at $0.7814 before beginning a significant upward climb. The price advanced rapidly, breaking above $0.90 on August 14 as trading activity expanded. The upward movement peaked shortly after, with ADA reaching levels near $1 before retracing.

Following the peak, Cardano consolidated within a range between $0.90 and $0.95. The chart shows repeated attempts to test resistance around $0.95, but without a sustained breakout. After August 15, ADA’s price experienced multiple pullbacks, with fluctuations keeping the token near $0.92. Recent movements indicate stability around $0.927, supported by consistent rebounds whenever the price approaches $0.90

Is Cardano ($ADA) Ready for a Breakout Toward $10?

Confirmed by an observation by Crypto Patel, Cardano (ADA) is trading within a long-term ascending channel, maintaining consistent upward momentum since early 2020. The chart identifies a clear accumulation zone near $0.45, which has repeatedly provided strong support for the asset. Above this level, ADA has respected the mid-channel range, oscillating between $0.70 and $1.10.

Source: X

Resistance remains around $1.10, a level tested multiple times since 2021. Each rejection has pushed ADA back toward channel support, yet the structure continues trending higher. A breakout above this resistance could open the path toward higher targets, with $2.89 marked as the next major level.

If price sustains momentum within the channel, ADA could target levels at $6, $10, and even $20 long term. The chart shows a potential 92% move from the current range, aligning with historical channel projections. Liquidity concentration above resistance signals possible continuation toward double-digit valuations.