Cardano Price Surges on $1.54 Billion Futures Open Interest and Rising Stablecoin Use

Cardano (ADA) is experiencing a notable increase in price momentum, driven by surging open interest in futures markets and a significant rise in stablecoin usage on its blockchain. Futures open interest for ADA increased by $1.54 billion on Friday, reaching $1.77 billion as of Monday, just shy of the all-time high of $1.87 billion. This growing open interest reflects a steady inflow of capital and heightened speculative activity among traders, both retail and institutional [1]. ADA’s futures trading volume also hit a five-month high of $6.96 billion, indicating increased market participation and speculation on potential price volatility or a long-term bullish trend [1].

On-chain activity further supports the positive momentum. The market capitalization of Cardano stablecoins rose to approximately $38.58 million, up significantly from late July. This increase highlights growing liquidity and user engagement on the Cardano DeFi platform, signaling rising trust in the network and expanding functionality in decentralized finance [1]. The growing adoption of stablecoins on Cardano suggests that the ecosystem is attracting more capital and users, contributing to the platform's broader financial infrastructure.

Technically, ADA is consolidating near a critical support range of $0.82 to $0.84. This level has been reinforced by key indicators such as moving averages and volume patterns. A successful defense of this support zone could strengthen market optimism and potentially lead to a price rebound. However, a breakdown below this range might result in renewed downward pressure [1]. On the upside, ADA is approaching the $1.02 resistance level, which, if breached, could set the stage for a move toward its annual high of around $1.17. The Relative Strength Index (RSI) currently stands at 58, indicating a positive momentum trend, while the MACD lines suggest a bullish convergence [1].

Analysts have offered price forecasts based on these developments. One analyst predicts ADA could reach $0.94 by the end of 2025, projecting an 11.40% price increase for the year [7]. Another forecast suggests a potential 100–150% bullish rally if ADA breaks the $1 level [6]. While these projections reflect market optimism, they remain speculative and depend on how ADA performs against key price levels and broader market conditions.

The combination of rising open interest, increased futures volume, stablecoin adoption, and favorable technical indicators suggests that Cardano is gaining traction in the broader crypto market. Continued on-chain growth and derivatives market strength could reinforce ADA’s upward trajectory, provided it can overcome key resistance levels and maintain support [1].

Source:

[1] Cardano (ADA) Price Momentum Builds as Futures Open Interest and Stablecoins Surge! (https://coinfomania.com/cardano-ada-price-momentum-builds-as-futures-open-interest-and-stablecoins-surge/)

[6] Cardano Analyst Expects a Massive 100-150% Bullish Rally in the Coming Weeks if $1 Breaks (https://www.msn.com/en-us/money/markets/cardano-analyst-expects-a-massive-100-150-bullish-rally-in-the-coming-weeks-if-1-breaks/ar-AA1KOU7H?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)

[7] Cardano (ADA) Price Prediction (https://www.bitget.com/price/cardano/price-prediction)