Analysts Eye $0.77 Rebound As Outflows Ease And Buyers Defend Support

• Cardano price today trades near $0.64 after slipping 20% this week, with buyers defending the $0.60–$0.62 zone.
  
• Futures open interest fell 12% as traders reduced leverage, while exchange outflows eased after heavy selling.
  
• Analysts see potential rebound toward $0.77 if ADA reclaims $0.68 and $0.72 resistance levels.
  

Cardano price today is consolidating near $0.64, attempting to stabilize after falling over 20% this week. The move follows heavy liquidations that drove ADA below its rising trendline and 20/50/100/200 EMAs clustered between $0.77 and $0.82. Buyers are now defending the $0.60–$0.62 area, which marks the last structural support before the $0.50 base seen in April.

Cardano Price Finds Support After Breakdown

ADA Technical Price Analysis (Source: TradingView)

The daily chart shows ADA has sharply broken below its ascending trendline that connected July and September lows. The breakdown triggered a wave of selling pressure as price slipped through all major EMAs, flipping the short-term trend bearish.

Momentum readings remain weak. RSI is hovering around 30, indicating near-oversold conditions but not yet signaling a confirmed reversal. If the $0.60 zone holds, a rebound toward $0.68 and $0.72 could follow. However, continued rejection near $0.70 would keep ADA vulnerable to retesting the $0.55–$0.50 range.

Futures Data Shows Derivative Traders Turning Cautious

ADA Derivative Analysis (Source: Coinglass)

According to Coinglass data, Cardano’s open interest has fallen nearly 12% to about $704 million as traders unwind leveraged positions. Volume collapsed over 68% to $2.37 billion, while options volume plunged more than 90%.

The long/short ratio on Binance stands near 2.36, suggesting that despite declining activity, top traders remain net long. Funding rates remain neutral, and liquidation data shows $94,000 wiped out in the past 4 hours, mostly from short positions. This indicates that the sharp drop may have flushed weaker shorts while stronger hands begin reaccumulating.

On-Chain Flows Indicate Stabilizing Sentiment

ADA Netflows (Source: Coinglass)

Spot flow data highlights $48 million in net outflows over the past two days, followed by a notable slowdown today, with minimal outflows reported. Historically, declining outflows after a major dip have preceded short-term stabilization periods for ADA.

Exchange netflow on October 12 recorded only a $276,000 outflow compared with tens of millions earlier in the week, implying sellers may be exhausting. While this does not yet confirm accumulation, the easing pressure provides a foundation for price to hold above the $0.60 level in the near term.

Technical Setup Points To Relief Potential

ADA’s next resistance lies near $0.68, aligning with the 20-day EMA and former support trendline. Above that, the $0.72 and $0.77 levels mark successive resistance clusters.

On the downside, $0.60 remains the immediate defense level. Losing this threshold could expose the $0.53–$0.50 demand block, where historical accumulation took place in April. The broader trend remains under pressure until price reclaims the 50-day EMA near $0.79, which has capped upside since early September.

Outlook. Will Cardano Go Up?

The near-term path for Cardano depends on whether buyers can defend $0.60 long enough to trigger a momentum reversal. On-chain flows suggest that panic selling has cooled, and RSI oversold readings may attract dip buyers.

A close above $0.68 would indicate short-term recovery potential toward $0.72–$0.77. Conversely, a daily close below $0.60 would invalidate this rebound scenario, opening a path to $0.50.

At current levels, Cardano remains at a technical inflection point. With outflows slowing and leverage reset, the market may be setting up for a relief bounce — but only a sustained move above $0.70 will confirm that sellers have finally stepped aside.