Overview

• ADA trades around $0.81–$0.84 inside a symmetrical triangle that analysts say is nearing an apex in late October, with $0.90 flagged as the immediate breakout threshold.
• Cardano’s inclusion in the S&P Digital Markets 50 index boosts visibility with institutions that benchmark to broad crypto gauges, reinforcing an emerging recovery narrative.
• Cardano deployed Hydra Node v1.0.0 on Oct. 9 to advance scalability; testing reports cited peaks above 1,000,000 TPS, though these figures stem from stress tests rather than live mainnet activity.
• Support remains layered near $0.78–$0.80 at a noted buy wall and the 50‑week EMA, while a breakdown could revisit the $0.70s; upside levels cluster at $0.95–$1.00 on a volume-backed break.
• On-chain and derivatives readings are mixed, with Santiment noting increased profit-taking and CoinGlass showing a bearish long-to-short ratio near 0.81, underscoring the need for confirmation on any move.