Cardano (ADA) Daily Market Analysis for October 1, 2025

Cardano (ADA) Market Analysis – October 1, 2025

A detailed daily analysis of Cardano coin’s market performance for the 24-hour period ending October 1, 2025, at 1:00 PM UTC.

24-Hour High: $0.8348
24-Hour Low: $0.7803
Current Price: Approximately $0.8327
Percentage Change: A gain of around 5.5% in the last 24 hours.
Trading Volume: The 24-hour trading volume has seen a significant increase, surging to over $1.59 billion, which is a 47.9% rise from the previous day, indicating a recent uptick in market activity.

Exponential Moving Averages (EMAs): Cardano’s price is currently contending with a cluster of EMAs. It is trading below the 20-day ($0.8485) and 50-day ($0.8341) EMAs, suggesting short to medium-term bearish pressure. However, it remains above the 200-day EMA ($0.7729), a key indicator of the longer-term trend. Notably, there has been a recent “golden cross” on the daily chart, with the 50-day EMA crossing above the 200-day EMA, which is often considered a medium-term bullish signal.
Relative Strength Index (RSI): The current RSI for Cardano is approximately 42.43, placing it in the ‘neutral’ zone. This suggests that the asset is neither overbought nor oversold, leaving room for price movement in either direction.
Moving Average Convergence Divergence (MACD): The MACD is currently positioned close to its signal line, hinting at a potential bullish crossover. A definitive cross above the signal line would indicate a shift in momentum towards the bullish side.
On-Chain Data: There have been some significant large wallet movements recently. On Monday, a substantial amount of ADA, valued at approximately $54.3 million, was withdrawn from Coinbase to external wallets, suggesting a trend towards self-custody among holders.

Immediate Resistance: Key immediate resistance is identified in the range of $0.83 to $0.85. A more significant resistance level is noted at $0.91, which aligns with a previous supply zone and the 0.786 Fibonacci retracement level.
Key Support: The primary support level for bulls to defend is in the range of $0.75 to $0.78. This area is reinforced by the 200-day EMA.
Fibonacci Retracement: Fibonacci levels indicate that the $0.824 level (0.618 retracement) has been a critical point for maintaining bullish momentum. On the upside, a break above current resistance could target the $0.9182 (50% retracement) and $1.0145 (61.8% retracement) levels.

Cardano-Specific News: Charles Hoskinson, the founder of Cardano, has expressed a positive outlook on the recent partnership with NEAR Protocol. Additionally, a partnership with Google Cloud was announced to enhance a privacy-focused digital system.
Broader Market News: The broader cryptocurrency market has experienced a slight downturn in the last 24 hours, with the total market capitalization dropping by nearly $30 billion. This has been attributed to uncertainty surrounding a potential U.S. government shutdown, which is causing risk-off sentiment across financial markets.

Social Sentiment: Overall social media sentiment for Cardano is currently bullish. Data from one source indicates that 56.56% of recent tweets about Cardano have been bullish, compared to only 7.51% bearish.
Trending Narratives: The partnership with NEAR Protocol and the positive comments from Charles Hoskinson have been a notable topic of discussion.
Influencer Activity: While specific key influencers were not highlighted in the immediate 24-hour data, the general sentiment among the Cardano community on platforms like Twitter appears to be optimistic.

Based on the available data, the short-term outlook for Cardano is cautiously optimistic, though contingent on broader market stability.

Primary Bullish Scenario: If the price can decisively break and hold above the immediate resistance zone of $0.83-$0.85, it could trigger a move towards the next significant resistance at $0.91. The positive sentiment and recent fundamental developments could fuel this upward momentum. A broader market recovery would further support this scenario.
Primary Bearish Scenario: Failure to overcome the immediate resistance could see the price retest the key support level between $0.75 and $0.78. A break below this level, particularly if exacerbated by negative broader market news such as the potential U.S. government shutdown, could lead to a further decline.

This analysis is for informational purposes only and does not constitute financial advice.