Cardano Tests $0.90 Support as Futures Volume Climbs to Five-Month High
Momentum now hinges on a push back above the $1 neckline following a surge in derivatives activity.
Overview
- ADA is consolidating in a $0.90–$0.96 range after a 3.5% dip pushed price to a critical support test.
- Futures trading volume reached about $6.96 billion, the strongest since March, while open interest rose to roughly $1.13 billion, a seven-month high.
- Analysts highlight a symmetrical triangle that could target roughly $1.08–$1.10 if buyers secure a breakout above $1.00.
- Short‑term signals include an hourly TD Sequential buy and $25.94 million in exchange outflows over 24 hours, with momentum eyed on a reclaim of $0.92–$0.94.
- South Korea’s ADA/KRW market has overtaken Coinbase’s ADA/USD by nearly 2x in volume, and a daily close below $0.90 would risk a drop toward about $0.835.