Cardano Trading Near $0.87 May Test $0.88–$0.90 Resistance as Futures Open Interest Tops $1.5B and Exchange Outflows Point to Accumulation

• Cardano rebounded from $0.80 support; immediate resistance at $0.88–$0.90.

• ADA futures open interest surged to about $1.5B, showing increased trader participation.

• Exchanges recorded a net outflow of $2.37M, indicating accumulation and lower short-term selling pressure.

Cardano price near $0.87, futures OI $1.5B, exchange outflows show accumulation — read analysis and key levels for traders. (Cardano price update)

What is the current Cardano price outlook?

Cardano price is trading near $0.87 after a rebound from $0.80 support, showing renewed buyer interest and a short-term resistance zone at $0.88–$0.90. A decisive break above $0.90 could accelerate momentum toward $0.95 and higher, while failure to hold $0.80 would increase downside risk.

How did recent price action and technical indicators behave?

Price closed near the session high after a range between $0.851 and $0.883, reflecting buying pressure throughout the day. Reported data shows ADA at $0.8855 with a 24-hour gain of about 3 percent. The RSI recovered above 50, and price has formed higher lows since September, suggesting steady accumulation.

Cardano trades near $0.87 after rebounding from $0.80 support, with futures open interest at $1.5B and resistance at $0.88–$0.90.

• Cardano rebounds from $0.80 support, with buyers now targeting resistance at $0.88–$0.90.
• ADA futures open interest jumps to $1.5B, showing stronger trader participation and inflows.
• Net outflow of $2.37M from exchanges signals accumulation and reduced short-term selling pressure.

Cardano is trading near $0.87 after rebounding strongly from the $0.80 support zone earlier this month. The price action shows consistent buying pressure, with traders closely monitoring the $0.88 resistance area. If this resistance breaks, ADA could see accelerated upward momentum supported by stronger trading activity and higher market participation.

How has trading volume and momentum changed?

Trading volume rose as ADA advanced from the $0.80 level, with multiple green daily candles confirming renewed upward momentum. Observations indicate buyers aim to overcome $0.88, the next immediate hurdle before $0.91 and $0.95. Volume increases alongside rising price support higher conviction for sustained moves.

What do futures activity and exchange flows indicate?

Cardano futures open interest increased to roughly $1.5 billion—up from under $300 million earlier this year—pointing to higher derivatives participation. Exchange flow metrics show a net outflow of $2.37 million on October 3, which typically reduces immediate selling pressure and signals accumulation by holders or cold-storage transfers.

Price Action and Technical Structure

Cardano (ADA) recently traded at $0.8855, recording a 24-hour increase of 3 percent. Market data from Coingecko showed a trading range between $0.851 and $0.883. The cryptocurrency closed near the upper boundary, reflecting consistent demand throughout the session.

Source: Coingecko

Analysis prepared by Sssebi indicates ADA has moved in line with the daily moving average, confirming renewed strength. The RSI recovered above the 50 level, signaling stronger momentum compared to earlier declines. Market structure indicates higher lows since September, which suggests steady accumulation during recent sessions.

Trading volume rose as ADA advanced from the $0.80 level. Green candles on the daily chart confirmed renewed upward momentum after a series of red sessions. Buyers are now focused on overcoming resistance near $0.88, which serves as the next immediate hurdle before $0.91 and $0.95.

Futures Activity and Exchange Flows

Cardano’s futures market shows growing interest from traders. Open interest surged above $1.5 billion by early October, compared with under $300 million earlier this year. This expansion reflects stronger speculative inflows and greater engagement in derivatives markets.

Source: Popeye(X)

Exchange flows further suggest accumulation. On October 3, ADA recorded a net outflow of $2.37 million, indicating coins are moving off exchanges. Such movements often reduce near-term selling pressure while pointing toward longer-term holding behavior.

According to an observation by Popeye, ADA’s 4-hour chart displayed strong volatility near $0.8692, with resistance between $0.88 and $0.90. A breakout above this zone could open the way to $0.91, $0.95, and possibly $1.02 if momentum continues.

Frequently Asked Questions

Is Cardano showing signs of accumulation?

Yes. Net exchange outflows of $2.37M and higher lows on price charts indicate accumulation. Increased futures open interest to about $1.5B complements on-chain signs, suggesting traders and holders are building positions.

How likely is a breakout above $0.90?

Momentum indicators and rising volume improve the probability of a breakout, but traders should watch resistance at $0.88–$0.90 and confirm a daily close above $0.90 before assuming sustained upside toward $0.95.

Key Takeaways

• Short-term support: $0.80 — confirmed rebound and buyer interest.
• Immediate resistance: $0.88–$0.90 — a decisive break could trigger accelerated gains.
• Market signals: Futures OI at $1.5B and $2.37M exchange outflows point to higher participation and accumulation; monitor volume and RSI.

Conclusion

Cardano price has rebounded from $0.80 and trades near $0.87, with futures open interest and exchange flows pointing to increased participation and accumulation. Traders should watch $0.88–$0.90 for a breakout confirmation; a sustained move above this zone may target $0.95 and beyond. For ongoing coverage and data, COINOTAG will continue monitoring price action and flows.

Published: 2025-10-04 — Updated: 2025-10-04