Cardano price heats up for reversal confirmation as futures volume hits 5-month high

Cardano price is holding above $0.90 support after a $1 rejection, eyeing reversal confirmation via a higher low as futures volume hits a 5-month high.

Cardano price analysis

After testing the key $1 resistance on August 14, Cardano (ADA) price faced a sharp rejection, leaving behind a long upper wick on the daily chart. Since then, Cardano price has been consolidating above the $0.90 support. Momentum indicators suggest fading strength: the RSI, though still holding at 62 on the daily, has begun trending downward, while the MACD shows signs of bullish momentum cooling. The price is also hovering just ~1% above the 7-day EMA, teetering dangerously close to a potential breakdown below it.

Even so, the broader uptrend remains intact. Cardano price has formed a series of higher highs and higher lows since its $0.51 base — the second double bottom in a prior double-bottom formation, which broke out at the $0.86 neckline.

In the near term, Cardano price may test the $0.86–$0.90 support zone, which aligns with the ascending trendline of the current uptrend. A strong bounce from this level on rising volume would confirm a higher low, keeping bulls in control and setting the stage for a retest of $1, with the potential to reach $1.10–$1.15 on the next higher high.

Cardano futures at 5-months high

If the uptrend structure continues, Cardano price could extend its rally toward the $1.50 region in the coming weeks, according to crypto analyst Ali Martinez.

Supporting the bullish outlook, Cardano futures volume has surged to $6.96 billion — its highest in five months — signaling increased participation from derivatives traders. Historically, rising futures activity often precedes stronger spot price moves, suggesting the current pullback could be an ideal “buy the dip” opportunity ahead of a major Cardano rally.