Cardano Price Forecast: Here Is Why ADA Is Targeting $1 Amid Whale Buying and Rising Open Interest
- Whales now hold 18.79B ADA, increasing their stakes as prices push higher.
- ADA Open Interest rose to $1.77B, signaling strong derivatives market inflows.
- A breakout above $0.8947 could send ADA to $1, but downside risks remain if momentum weakens.
Cardano (ADA) is currently battling resistance near $0.90 after a solid week of gains, with bullish traders eyeing the $1 milestone. Data from Santiment shows whales holding over 10 million ADA increased their portfolios to 18.79 billion tokens, up from 18.63 billion on September 1. This 16 million ADA boost signals growing confidence from large investors, even as medium-scale holders trimmed their positions slightly, offloading to 15.53 billion ADA from 15.64 billion.
Rising Open Interest Adds Momentum
Derivatives market activity is also fueling optimism. CoinGlass data reveals that ADA’s Open Interest has risen to $1.77 billion, edging closer to its record high of $1.87 billion. This rise in capital inflows suggests traders are betting on further upside, reinforcing the bullish narrative as ADA works through key resistance zones.
Technical Setup Points to Breakout
On the charts, ADA has confirmed a breakout from a falling wedge pattern, though it continues to stall under $0.8947 resistance. Support is holding around the 38.2% Fibonacci level at $0.8753. A successful breakout above $0.8947 could pave the way toward the $1 psychological barrier. Adding to the bullish case, the 50-period EMA has crossed above the 100-period EMA, forming a Golden Cross on the 4-hour chart.
— Leader Alpha (@LeaderAlphaNews) September 11, 2025
"The biggest threat to #Bitcoin's dominance has and always will be #Cardano."
$ADA pic.twitter.com/1iyw6g0N6w
Risks of Pullback Still in Play
Despite the positive signals, momentum indicators are flashing warnings. The MACD is closing in on its signal line, hinting at a possible bearish crossover. Meanwhile, the RSI sits at 60 but is turning downward, suggesting that buying pressure may be losing steam. If ADA dips below $0.8753, a drop toward the 50-period EMA at $0.8551 could follow, placing the rally at risk.
The post Cardano Price Forecast: Here Is Why ADA Is Targeting $1 Amid Whale Buying and Rising Open Interest first appeared on BlockNews.
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Cardano Price Forecast: Here Is Why ADA Is Targeting $1 Amid Whale Buying and Rising Open Interest
- Whales now hold 18.79B ADA, increasing their stakes as prices push higher.
- ADA Open Interest rose to $1.77B, signaling strong derivatives market inflows.
- A breakout above $0.8947 could send ADA to $1, but downside risks remain if momentum weakens.
Cardano (ADA) is currently battling resistance near $0.90 after a solid week of gains, with bullish traders eyeing the $1 milestone. Data from Santiment shows whales holding over 10 million ADA increased their portfolios to 18.79 billion tokens, up from 18.63 billion on September 1. This 16 million ADA boost signals growing confidence from large investors, even as medium-scale holders trimmed their positions slightly, offloading to 15.53 billion ADA from 15.64 billion.
Rising Open Interest Adds Momentum
Derivatives market activity is also fueling optimism. CoinGlass data reveals that ADA’s Open Interest has risen to $1.77 billion, edging closer to its record high of $1.87 billion. This rise in capital inflows suggests traders are betting on further upside, reinforcing the bullish narrative as ADA works through key resistance zones.
Technical Setup Points to Breakout
On the charts, ADA has confirmed a breakout from a falling wedge pattern, though it continues to stall under $0.8947 resistance. Support is holding around the 38.2% Fibonacci level at $0.8753. A successful breakout above $0.8947 could pave the way toward the $1 psychological barrier. Adding to the bullish case, the 50-period EMA has crossed above the 100-period EMA, forming a Golden Cross on the 4-hour chart.
— Leader Alpha (@LeaderAlphaNews) September 11, 2025
Risks of Pullback Still in Play
Despite the positive signals, momentum indicators are flashing warnings. The MACD is closing in on its signal line, hinting at a possible bearish crossover. Meanwhile, the RSI sits at 60 but is turning downward, suggesting that buying pressure may be losing steam. If ADA dips below $0.8753, a drop toward the 50-period EMA at $0.8551 could follow, placing the rally at risk.
The post Cardano Price Forecast: Here Is Why ADA Is Targeting $1 Amid Whale Buying and Rising Open Interest first appeared on BlockNews.
Read More