The post Cardano Price Prediction: ADA Bulls Gain Ground as RealFi Sets October Launch appeared on BitcoinEthereumNews.com.
ADA reclaims $0.2183 as support, strengthening its recovery above key EMAs. Falling open interest to $492.44M signals deleveraging and weaker speculative demand. Persistent ADA outflows may indicate reduced selling liquidity and potential accumulation. Cardano’s recovery is gaining attention as ADA attempts to build a stronger base above key technical levels. The token recently reclaimed the $0.2183 Fibonacci level after bouncing from the $0.19–$0.20 support zone. Meanwhile, RealFi has confirmed October 1 as the target for its Cardano mainnet launch. ADA Regains Important Technical Ground ADA currently trades near $0.2210 and remains above several major daily moving averages. The 20-day EMA stands at $0.2037, while the 50-day EMA sits around $0.1941. Additionally, the 100-day EMA remains near $0.1984, supporting the broader recovery structure. However, ADA still trades below its 200-day EMA at $0.2435. The $0.2270–$0.2300 area represents the next immediate challenge for buyers. A decisive move beyond that zone could strengthen the recovery. Moreover, ADA could target $0.2359 before testing the $0.2435 resistance. A break above $0.2435 could expose the $0.2584 Fibonacci level. Momentum indicators also show improvement. Stoch RSI has turned upward, with %K at 43 and %D at 28. Falling Open Interest Signals Caution Despite the improving chart, derivatives activity paints a more cautious picture. ADA’s open interest has contracted considerably after several major accumulation phases. Open interest climbed above $1.8 billion between late October and January. Another buildup pushed positioning close to $2 billion between July and August. Related: Bitcoin Price Prediction: Can BTC Clear $82,800 to End Bear Market Talk? Since then, traders have steadily reduced leveraged exposure. By September 4, open interest had dropped to approximately $492.44 million. Hence, the decline points toward widespread deleveraging and weaker speculative participation. That trend could limit ADA’s upside unless fresh demand returns. Spot Flows Remain Under Pressure ADA’s spot…