Overview

• Cardano has rallied roughly 20% over the past week to trade near $0.96 as it compresses within a symmetrical triangle pattern, setting up a key test of $1.15 resistance.
• Futures open interest has reached a record $1.82 billion, indicating a surge in derivatives activity that could amplify any breakout or reversal.
• On-chain metrics show over 15 billion ADA untouched for more than a year and wallet counts topping 5.5 million, reducing active circulating supply.
• Overbought Stochastic RSI readings and CryptoQuant’s bearish 90-day cumulative volume delta signal a heightened risk of a corrective pullback if selling pressure mounts.
• Analysts warn that a clean, volume-backed close above $1.15 could target $1.10–$1.35 initially and potentially extend toward $1.60–$1.75 in a broader breakout scenario.