Overview

• Cardano’s ADA has climbed roughly 20% over the past week and is trading around $0.96 as buyers press toward the psychological $1 mark.
• Futures open interest has surged to around $1.8 billion while weekly derivatives volume approached $7 billion, reflecting heightened trader engagement and liquidity.
• ADA is compressing within a symmetrical triangle between about $0.85 and $0.98, with the upper trendline converging near the $1–$1.15 zone that has repeatedly capped rallies.
• On-chain metrics show over 15 billion ADA untouched for more than a year and Cardano has surpassed 5.5 million wallets, indicating reduced active sell pressure and growing adoption.
• Overbought readings on the daily Stochastic RSI and a bearish 90-day Cumulative Volume Delta warn that failure to clear the $1.15 resistance could trigger a corrective pullback.