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.

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.

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.

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.

On the 4-hour chart, ADA had retreated from a move above $0.26 before recovering to around $0.247. The Supertrend indicator remained below price near $0.2354. A rising trendline on the chart pointed toward the $0.25 area, making a sustained move above that level relevant to another test of the recent peak.

Liquidation levels cluster on both sides of ADA

CoinGlass’s 24-hour ADA liquidation heatmap showed a bright band near $0.252, just above the price at the end of the chart. Other visible bands sat around $0.242 and $0.236, with a larger group of levels lower down near $0.23.

Those bands show where leveraged positions could face liquidation if price reaches them; they do not establish where ADA will trade next. The nearby $0.252 band also falls below the recent high around $0.26, so ADA would need to pass both areas to confirm a stronger breakout on the displayed charts.

The Fireblocks rollout gives Cardano token issuers a timetable for access to institutional custody and transfer tools, including firms serving the US market. For ADA holders, the nearer test remains technical: whether price can regain $0.25 and break above $0.26 while holding the $0.235–$0.236 support area on a pullback.