- ADA taps into Fibonacci’s golden zone, signaling potential bounce and rally toward $1.00.
- Institutional inflows of $73 million indicate growing confidence in Cardano’s fundamentals.
- ADA’s bullish market structure and rising RSI point to continued upside momentum.
Cardano (ADA) is showing growing strength in both market structure and investor sentiment. With price levels holding firm and institutional interest increasing, ADA appears to be setting up for a bullish phase. The current price stands at $0.6982, with key technical and on-chain data supporting further upside.
Technical Patterns Indicate Bullish Setup
Coinvo noted that ADA has entered the golden Fibonacci retracement zone between 0.618 and 0.65. This range often acts as a reversal area, and Cardano has already started to show signs of a bounce from this level. The recent move comes after a consolidation phase above $0.50, which had acted as strong support during the previous market correction.
A new swing high has been recorded, suggesting a potential continuation of the uptrend. The confirmation of this higher low at $0.50 now forms the base for what may be the next leg toward resistance near $1.00.
A breakout above this level could open a path to $2.04 in the long term. The Relative Strength Index (RSI) is also beginning to reverse upward, supporting this trend. If the RSI climbs back above the neutral 50 line, it may trigger stronger bullish momentum in the short term.
Institutional Interest and Market Activity Rising
According to TapTools, Cardano has attracted $73 million in institutional inflows year-to-date. This places it just behind Solana’s $81 million and indicates increased attention from larger market players. The steady rise in inflows reflects growing confidence in Cardano’s underlying fundamentals.
Cardano also recently achieved a milestone by securing over 1% of the total crypto market cap, as shared by Crispy_Craps on X. This positions ADA as one of the top-performing altcoins in terms of ecosystem growth.
Derivatives data from CoinGlass shows a bullish bias among futures traders, with a long-to-short ratio of 2.83. Meanwhile, open interest has risen by 2.2% to $831 million, further confirming that buying pressure continues to increase.
