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 price has declined 3.5% to $0.91, testing a crucial support level that could determine the cryptocurrency’s near-term direction. ADA now trades in a narrow range between $0.90 and $0.96 following four days of sideways price action.
The price drop comes despite surging trading interest. Futures trading volume reached $6.96 billion across exchanges, marking the highest level since March 2025. This volume spike indicates growing institutional and retail trader participation in Cardano markets.
Technical Analysis Shows Mixed Signals
Cardano faces a critical juncture at current price levels. Technical analysis reveals that if ADA closes below the $0.90 support zone, the token could drop an additional 6.5% to approximately $0.835.
The hourly chart displays a TD Sequential “9” formation, a technical pattern that often signals potential trend reversal. This indicator suggests selling pressure may be exhausting at current levels.
Chart patterns show Cardano forming a symmetrical triangle after its previous rally from $0.74. The triangle pattern typically resolves upward when it follows a strong uptrend, with price targets pointing toward $1.08-$1.10 if ADA breaks above $1.00 resistance.
The Supertrend indicator remains bullish, trading above the current price and suggesting the broader uptrend structure stays intact despite recent consolidation.
On-Chain Data Reveals Accumulation Activity
Exchange data shows $25.94 million worth of ADA tokens moved off trading platforms in the past 24 hours. This outflow pattern typically indicates investors are accumulating rather than selling their holdings.
The exchange withdrawals could help reduce selling pressure and provide price support at current levels. Long-term holders appear to be using the recent price weakness as an opportunity to increase their positions.
Liquidation data shows concentrated positions at $0.876 on the downside and $0.928 on the upside, marking key levels where over-leveraged traders could face forced closures.
Korean Market Drives Trading Activity
South Korea has emerged as a major driver of Cardano trading volume. The ADA/KRW trading pair now generates nearly double the volume of Coinbase’s ADA/USD market, ranking third globally for ADA trading.
This geographic shift in trading patterns represents a structural change in Cardano’s order flow. Increased Korean participation often correlates with higher volatility and sharper price movements.
Cardano Price Prediction
If Cardano maintains support above $0.90, the token could retest the $0.969 resistance level. A decisive break above this zone might trigger a larger rally toward the $1.15-$1.20 range.
The combination of record futures volume, technical buy signals, and exchange outflows creates multiple bullish factors. However, the psychological $1.00 level remains key resistance that has capped several recent rally attempts.
Traders are monitoring whether ADA can defend the $0.90 support or if weakness here could delay any potential breakout. With elevated volume and mixed technical signals, Cardano appears positioned for increased volatility in coming sessions.
