Current Price Overview
As of October 10, 2025, Cardano (ADA) is trading at approximately $0.81, reflecting a slight increase from the previous close. Over the past week, ADA has experienced a modest decline of about 5%, with daily trading volumes hovering around $1.4 billion.
Technical Analysis
Technical analysis indicates that ADA is consolidating within a symmetrical triangle pattern, a formation that began in late 2024. This pattern suggests a potential breakout as the price approaches the triangle’s apex. Analysts have identified $0.69 as a critical support level, aligning with the 62% Fibonacci retracement zone. A pullback to this level could present a buying opportunity before a potential rally toward $2.
Further analysis reveals that ADA is forming higher lows and lower highs, reinforcing the symmetrical triangle pattern. The 50-day moving average (MA 50) is currently acting as resistance, with the price hovering just below this level near $0.80. A decisive break above the MA 50 could pave the way for upward targets at $0.96, $1.15, and $1.50. Conversely, a failure to break this resistance may lead to a retest of support levels around $0.76.
Market Sentiment & On-Chain Metrics
Market sentiment remains cautious, as evidenced by a long-to-short ratio of 0.93, indicating a slight predominance of short positions. Additionally, there has been a notable decline in active wallets, with unique wallets dropping from over 8,000 in late 2024 to approximately 1,000 currently. This decrease in network participation could impact ADA’s price dynamics.
Development Updates
On the development front, the Cardano team has introduced Hydra Node version 1.0.0, marking a significant milestone in the network’s scalability efforts. This Layer-2 protocol aims to enhance transaction throughput and performance, positioning Cardano to better handle increased network activity in the future.
Bottom Line
In summary, while Cardano’s ADA is exhibiting signs of potential upward movement, traders should remain vigilant, monitoring key technical levels and market sentiment indicators. The upcoming weeks may prove pivotal in determining ADA’s trajectory as it navigates through these technical formations and fundamental developments.
