- Cardano rebounds from $0.80 support, with buyers now targeting resistance at $0.88–$0.90.
- ADA futures open interest jumps to $1.5B, showing stronger trader participation and inflows.
- Net outflow of $2.37M from exchanges signals accumulation and reduced short-term selling pressure.
Cardano is trading near $0.87 after rebounding strongly from the $0.80 support zone earlier this month. The price action shows consistent buying pressure, with traders closely monitoring the $0.88 resistance area. If this resistance breaks, ADA could see accelerated upward momentum supported by stronger trading activity and higher market participation.
Price Action and Technical Structure
Cardano (ADA) recently traded at $0.8855, recording a 24-hour increase of 3 percent. Market data from CoinGecko showed a trading range between $0.851 and $0.883. The cryptocurrency closed near the upper boundary, reflecting consistent demand throughout the session.
According to analysis prepared by Sssebi, ADA has moved in line with the daily moving average, confirming renewed strength. The RSI recovered above the 50 level, signaling stronger momentum compared to earlier declines. Market structure indicates higher lows since September, which suggests steady accumulation during recent sessions.
Trading volume rose as ADA advanced from the $0.80 level. Green candles on the daily chart confirmed renewed upward momentum after a series of red sessions. Buyers are now focused on overcoming resistance near $0.88, which serves as the next immediate hurdle before $0.91 and $0.95.
Futures Activity and Exchange Flows
Cardano’s futures market shows growing interest from traders. Open interest surged above $1.5 billion by early October, compared with under $300 million earlier this year. This expansion reflects stronger speculative inflows and greater engagement in derivatives markets.
Exchange flows further suggest accumulation. On October 3, ADA recorded a net outflow of $2.37 million, indicating coins are moving off exchanges. Such movements often reduce near-term selling pressure while pointing toward longer-term holding behavior.
According to an observation by Popeye, ADA’s 4-hour chart displayed strong volatility near $0.8692, with resistance between $0.88 and $0.90. A breakout above this zone could open the way to $0.91, $0.95, and possibly $1.02 if momentum continues.
