When ADA is trading at $0.5021, the number of profitable Cardano addresses is as follows:

With Cardano surging 4.19% in the past 24 hours to trade at $0.5021, over 1.9 million addresses are currently making profits on their ADA holdings.
Cardano (ADA) has joined the latest market rally led by Bitcoin (BTC). As Bitcoin broke through the $71,000 resistance yesterday, ADA also saw massive gains, with its price surging from $0.4646 to a daily high of $0.5090.
Like most crypto assets, ADA has retreated in the hours leading up to this article, with each unit of ADA trading at $0.5021.
However, despite this slight pullback, many Cardano addresses are still holding ADA at profit.
According to IntoTheBlock, the total number of Cardano addresses is 4,466,970 (4.46 million).
Of this number, 1,943,290 (1.94 million) wallets are holding ADA in profit at the current price of $0.5021. According to the data, these addresses hold 19.63 billion ADA coins, which accounts for 55% of Cardano’s circulating supply. This suggests that these addresses may be selling and taking profits as the current price is above their entry price.
Conversely, approximately 2,477,590 (2.47 million) Cardano addresses are holding ADA at a loss at current prices. The total amount of ADA held by these addresses is approximately 148.9 billion.
Additionally, only 46,090 addresses are in breakeven, meaning they are neither holding profitable nor losing ADA.
Amid the recent market rally, Cardano investors remain optimistic about ADA’s potential upside prospects. These analysts speculate that ADA could reach $6.66, $7.5, $7.77, or $27 levels at the peak of the bull run.
Notably, these targets exceed Cardano’s all-time high price of $3.10 reached in September 2021. In order for this to happen, ADA must break through a significant resistance level from its current price to its previous all-time high.
The first resistance level is currently located in the area between $0.5029 and $0.5843, where 334,620 addresses purchased 3.34 billion ADA. After this, the next resistance is located at the $0.5843-$0.7183 price level, where 402,150 addresses purchased 6.76 billion ADA coins, which is worth $3.39 billion at current prices.
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