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ZEC $1,379 Cardano jumps 10% as analyst sees parabolic run for ADA
ADA rose to $0.273, helped by the RealFi mainnet launch, while an analyst with 1.9M followers points to a longer-term setup.
Key takeaways
- A nearly 10% day. ADA climbed to $0.273, a gain of nearly 10% in 24 hours, after a 6% rise the day before.
- Open interest up 15%. CoinGlass data shows ADA futures open interest rose 15% in 24 hours, reaching $614.98 million.
- Resistance sits close. The next major test is the $0.28-$0.30 range, with a breakout opening a path toward $0.39.
What happened
Cardano traded at $0.273 on Monday, a gain of nearly 10% in 24 hours after a 6% rise the day before, CoinCentral reported. Bitcoin held above $85,700, Ethereum traded above $2,730 and XRP sat above $1.520, while the broader market was mostly flat.
The rally followed the October 3 launch of RealFi's mainnet, a real-world asset platform Charles Hoskinson has invested in. Cardano's appearance at TOKEN2049 Singapore is set for October 7 and 8. Separately, the Cardano community rejected a proposal to fund a Cardano Summit through the treasury.
Analyst Lucky (@LLuciano_BTC) wrote that in his opinion ADA is setting its tone for another parabolic run. The Crypto Basic reported that his chart shows ADA breaking above a downward trendline in place since September 2025 and points to a potential target around 60% higher. The report also noted the token fell 86% before finding support at $0.1387 in June.
Why it matters
Cardano has outperformed other major tokens over the past month. ADA is up 27% in that window, compared with Ethereum's 10% gain and Solana's 17% gain, CoinCentral reported.
Derivatives activity picked up too. CoinGlass data shows ADA futures open interest rose 15% in 24 hours, reaching $614.98 million, and a positive funding rate appeared, meaning traders holding long positions paid those holding short positions.
On-chain data is mixed. Total value locked in Cardano protocols rose 20% over five days, partly because FluidTokens incentives offer a 6% ADA yield through December 31. DEX volume fell from $11.74 million on October 1 to $5.72 million by October 5, according to DefiLlama.
What the data shows
The Crypto Basic said ADA traded around $0.276 on October 6 after moving above $0.1387, with its daily chart showing the token above its 50-day and 200-day moving averages.
Cited levels include $0.28-$0.30 as the next major resistance, a path toward $0.39 on a breakout, weekly support at $0.23, $0.27, a 200-day exponential moving average near $0.2472 and an extension target at $0.3916.
The report also said a weekly close below $0.14 would invalidate the bullish setup, and named $0.80 and $1.30 as further targets.
What is still unclear
- The two reports give different 24-hour moves: The Crypto Basic put ADA at around $0.2733, up 1.41% in 24 hours, while CoinCentral described a gain of nearly 10%.
- Targets vary widely. Lucky Luciano's chart points to a potential target around 60% higher, while The Crypto Basic noted many analysts calling for $5 and $10 highs.
Questions readers ask
Why did Cardano's price jump?
CoinCentral tied the move to the October 3 launch of RealFi's mainnet on Cardano, a real-world asset platform Charles Hoskinson has invested in. It also noted the broader market was mostly flat that day.
What price levels are analysts watching for Cardano?
The Crypto Basic cited $0.28-$0.30 as the next major test, with a breakout opening the path toward $0.39. It said weekly support sits at $0.23, $0.27 and that a weekly close below $0.14 would invalidate the bullish setup.
Has Cardano's on-chain activity risen with the price?
Total value locked in Cardano protocols rose 20% over five days, partly due to FluidTokens incentives offering a 6% ADA yield through December 31. DEX volume, however, fell from $11.74 million on October 1 to $5.72 million by October 5, according to DefiLlama.
What did analyst Lucky Luciano say about ADA?
He wrote that in his opinion ADA is setting its tone for another parabolic run. The Crypto Basic reported that his chart shows a break above a downward trendline in place since September 2025 and points to a potential target around 60% higher.
