Overview
- ADA trades around $0.64 just above the pivotal $0.62 zone that analysts say must hold to preserve the year‑long symmetrical triangle setup into a late‑Q4 decision window.
- The daily MACD is close to a bullish crossover below zero, a pattern that preceded June’s ~60% rally, though confirmation requires follow‑through buying.
- Key hurdles sit at $0.74–$0.77 and near $0.80 along a descending trendline, with analysts calling for rising spot volume to validate any breakout.
- On‑chain data show over $300 million in ADA withdrawn from exchanges since late September and reports of whale accumulation near 200 million ADA.
- Futures open interest has fallen from about $1.8 billion in mid‑September to roughly $648 million, and some analysts warn that a low‑volume rebound keeps a $0.53 retest in play; separate reports suggest Grayscale is preparing a Cardano ETF, which remains unconfirmed.