After a rough tumble last week, Cardano is starting to claw its way back up the charts.
Last week’s dip stopped dead at a strong support zone, right around $0.82 to $0.84, and now, optimism’s creeping back like that coworker who’s been quiet but suddenly speaks up with a solid plan during a meeting.
Traders are optimistic
Derivatives and on-chain signals? They’re flashing green. Futures open interest on ADA, that’s the money that’s betting on where ADA’s headed, jumped from $1.54 billion Friday to $1.77 billion by Monday, inching close to its all-time high of $1.87 billion.
Now, experts say that kinda growth isn’t a coincidence, guys. It literally means fresh cash is sneaking onto the dance floor, and buyers are gearing up for the next move.
And why wouldn’t it? ADA’s stablecoin market cap is quietly ticking upwards too, now sitting at about $38.58 million. You want liquidity?
That’s liquidity. More stablecoins generally mean more action, and more action usually pumps bullish vibes. If you’re curious why traders and analysts are optimistic, that’s why.
What does the chart says?
Now, let’s talk chart action because, like any good drama, the details matter. Fortunately, pro analysts aren’t holding back what they know.
Back on August 13, ADA busted through a descending trendline that had been holding it back for what felt like forever. It flirted with $1 but couldn’t quite hold, it slipped 5% last week.
But the real story? It bounced back right at that broken trendline, which conveniently matches the 61.8% Fibonacci retracement near $0.82.
That zone? It’s like the velvet rope that separates the cool kids from the pretenders. Bulls need to guard that line with everything they’ve got.
In the time of writing, ADA’s chilling around $0.92. If momentum keeps pushing and ADA pushes past its August 14 high at $1.02 and closes strong, there are predictions that we could see a run-up toward $1.17, the highest it’s been this year.
Technical indicators like the RSI reading 58, just nudging into bullish territory, and MACD lines weaving close together hint at indecision but also a setup for a sharp move.
Think of it like the moments before the big play in your favorite sports game, tension’s high, and something’s gotta give.
The other way
But hey, don’t get your hopes sky-high just yet. If ADA slips below $0.90 and sellers take the wheel, a drop back to that $0.84 support could be on the cards.
And there’s always a chance. Still, the rising volume and steady support suggest the bulls aren’t done, they’re prepping for another charge.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 26, 2025 • 🕓 Last updated: August 26, 2025
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