Cardano’s Big Reversal? Futures Volume Hits 5-Month High!

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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. 🚀💸

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. 📈

Cardano $ADA futures volume hit $6.96 billion, the highest level in 5 months! 🔥

– Ali (@ali_charts) August 17, 2025

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2025-08-18 14:53