Cardano gains Fireblocks token support: Can ADA break above $0.26?

Cardano’s ADA rose toward $0.26 as the Cardano Foundation and Fireblocks announced plans to add full support for tokens issued on the network by March 2027. Summary Fireblocks plans to let its institutional clients custody, send, and receive Cardano Native Tokens. ADA traded near $0.247 on Sep. 24 after reaching about $0.251 during the day. The daily chart puts $0.262 in view if ADA clears resistance near $0.26. Support sits near $0.236 on the daily chart and $0.235 on the 4-hour chart. Fireblocks plans to add Cardano token support by March 2027 The Cardano Foundation and Fireblocks said on Sep. 24 that Cardano Native Tokens, or CNTs, will become standard assets on the Fireblocks platform. Banks, exchanges, payment companies and fintechs using the platform will be able to custody, send and receive the tokens under its existing security and policy controls. Fireblocks has supported Cardano’s native coin, ADA, since 2021. The planned addition covers other assets issued on Cardano, including tokens that use the Cardano Token Registry standard, known as CIP-26, and the network’s onchain metadata standard, CIP-68. According to the announcement, handling those tokens has required extra manual steps until now. The companies expect support to become available by March 2027. They also plan to assess further integrations with Cardano’s decentralized finance ecosystem during 2027. You might also like: Cardano integrates x402 to bring ADA payments to AI agents Cardano Foundation CEO Frederik Gregaard said access through infrastructure institutions already used could help issuers of stablecoins and tokenized assets on Cardano reach those firms. “Institutions rarely adopt a new asset on its own. Adoption happens through trusted infrastructure.” The announcement concerns planned access to Cardano-based tokens. It does not report new token issuance, institutional purchases of ADA or a completed platform rollout. ADA price faces another test near $0.26 TradingView’s ADA/USDT daily chart showed ADA near $0.247 late on Sep. 24, up about 3.65% for the day. Price had reached roughly $0.251 before pulling back, leaving the recent high around $0.26 as the next level to watch. Cardano price daily chart — Sep. 25 | Source: TradingView A Fibonacci retracement drawn from the chart’s June low near $0.138 to the recent high near $0.262 places the 78.6% level at $0.2359. ADA was trading above that level at the time of the chart. A move through the recent high would put $0.262 back in focus, while a drop below $0.236 would take price beneath the retracement level. The daily relative strength index stood near 64, above its average of about 56. The moving average convergence divergence indicator was also positive, with its MACD line above the signal line. Both readings reflected the recent advance, though ADA had yet to clear the high used in the retracement.