TLDR
- Cardano (ADA) trades at $0.91-$0.96 range with potential 6.5% drop if $0.90 support breaks
- Futures trading volume hit 5-month high of $6.96 billion, showing increased trader interest
- Technical indicators show TD Sequential buy signal and symmetrical triangle pattern pointing to $1.10 target
- South Korean ADA/KRW trading pair now drives major volume, overtaking Coinbase by 2x
- $25.94 million worth of ADA moved off exchanges in 24 hours, suggesting accumulation
Cardano has dropped 3.5% to $0.91, placing the cryptocurrency at a pivotal support level that traders are closely watching. The ADA token currently trades within a tight consolidation range of $0.90-$0.96 after several days of sideways movement.
Despite the price decline, trading activity has intensified dramatically. Cardano futures volume surged to $6.96 billion, representing the highest level recorded in five months since March 2025.
Daily spot trading volume also increased 12% from the previous session. This surge in market participation suggests heightened interest from both institutional and retail traders as ADA approaches critical price levels.
Technical Indicators Point to Potential Reversal
The current price action has placed Cardano at a make-or-break technical juncture. If ADA closes a daily candle below the $0.90 support zone, analysts predict a potential 6.5% decline to the $0.835 level.
However, bullish signals are emerging on shorter timeframes. The TD Sequential indicator has flashed a buy signal on the hourly chart, suggesting potential exhaustion in the current downtrend.
Cardano is also forming a symmetrical triangle pattern on daily charts. This formation typically resolves to the upside when it appears after a strong uptrend, with measured move targets pointing toward $1.08-$1.10.
The Supertrend indicator remains in bullish territory, hovering above the current price and indicating the broader uptrend structure remains intact.
Exchange Flows Signal Accumulation Phase
On-chain data reveals strong accumulation activity among Cardano holders. Exchange outflows totaled $25.94 million worth of ADA tokens over the past 24 hours, suggesting investors are moving coins to cold storage.
This pattern typically indicates long-term holders are taking advantage of lower prices to increase their positions. The sustained outflows could help reduce selling pressure and provide underlying support for ADA’s price.
Liquidation maps show concentrated positions at $0.876 below and $0.928 above current levels, marking zones where over-leveraged traders face potential forced closures.
Global Trading Patterns Shift
South Korean markets have become a dominant force in Cardano trading. The ADA/KRW pair now generates nearly twice the volume of Coinbase’s ADA/USD market, climbing to third place globally.
This geographic shift in trading activity often correlates with increased volatility and more dynamic price discovery. Korean retail interest has historically been a catalyst for sharp moves in cryptocurrency markets.
Cardano Price Prediction
If Cardano successfully defends the $0.90 support zone, the next upside target sits at $0.969 resistance. A clean break above this level could trigger a more substantial rally toward $1.15-$1.20.
The convergence of record futures volume, technical buy signals, and exchange outflows creates multiple supportive factors for ADA’s price. However, the psychological $1.00 resistance level remains the key barrier that has previously capped rally attempts.
Traders are positioning for potential breakout scenarios while monitoring whether current support levels will hold under pressure.
