Cardano Price Prediction: Network Activity Surges 57% as x402 Taps ADA for AI Agentic Payments

Cardano (ADA) price is up today, September 22, after its addition to the x402 software kit.

This move coincides with an increase in the number of Cardano’s daily active addresses and a surge in open interest to multi-month highs.

ADA price is up by 5.31% to trade at $0.245 at the time of writing. Trading Volumes have also topped $1.04 billion per CoinGecko data.

ADA Payments Added to x402 Software Kit

The x402 software kit has added ADA as one of the supported payments. Developers using the kit can now access the code that allows AI agents or apps to pay using ADA tokens.

In a recent X post, the Cardano Foundation noted that it got the Cardano specification merged in June before building the client, server, and a facilitator to verify and submit payments.

The x402 software kit has already tapped other blockchain-based payments, including XRP, Solana, Stellar, and NEAR.

The expansion of ADA into AI Agentic payments comes amid an ongoing governance vote on Cardano that seeks to bring the OpenZeppelin open-source software stack to the network to boost the network’s usage by DeFi platforms and institutions.

Cardano’s Active Addresses Jump 27%

Data from DeFiLlama shows that the number of active addresses on Cardano increased by 57% from 14,038 on September 20 to 22,154 on September 21.

The surge comes on the back of rising prices across the crypto market that has shifted the fear and greed index to extreme greed and caused an increase in buying pressure.

Besides the active addresses, the DeFi TVL on Cardano has also increased to $65.85 million, with this being the highest TVL reading since August 11.

ADA’s Open Interest Nears a 9-Month High

The open interest on Cardano has increased to $586 million today, September 22, with this being the highest OI reading since January 31, per CoinGlass data.

Cardano’s OI reading stood at $404 million on September 16, suggesting that it increased by more than $200 million in less than one week.

The rising OI comes from futures traders who are opening new long positions, betting that Cardano price will edge higher.

Per CoinGlass, the weighted funding rate has risen to 0.01%. The long/short reading on Binance and OKX has also increased to 2.52 and 1.94, respectively, suggesting that the futures market is leaning more bullish than bearish.

Cardano Price Charts Path to $0.30 if Key Resistance Breaks

Cardano price has moved above the resistance of a bullish W pattern at $0.22. ADA might drop to retest this price as support before moving to the pattern’s target of $0.26.

The MACD line that is positive supports a bullish long-term Cardano price forecast. The AO bars that are green and growing in length also suggest that the bullish momentum is becoming strong.

If the bullish sentiment across the broader crypto market continues as ADA price moves past $0.26, the price might reach the psychological resistance of $0.30.

However, if the momentum weakens, Cardano price might drop to test the support at $0.22.