Cardano on course: increasing demand brings optimism!

Cardano on course: increasing demand brings optimism!

On October 7, 2025, the Cardano (ADA) market shows a mixed picture. After the cryptocurrency fell 1% on Tuesday, this decline will increase by over 4% the day before. Despite these volatile movements, there are positive signs that indicate growing retail demand and falling sales pressure. This is supported by current on-chain data that promote general market optimism as part of the so-called "Uptober" narrative.

Technical analysis suggests that Cardano is approaching the apex of a symmetrical triangle on the daily chart. In recent weeks, profit booking pressure among investors has eased, reducing selling pressure. Jun analysis from Santiment shows that the Network Realized Profit/Loss (NRPL) indicator dropped noticeably after taking a profit of 51.57 million ADA on September 24th.

Market dynamics and investor behavior

These declines in the profit bookings suggest that many investors are willing to keep ADA longer or even acquire more. The current percentage of the ADA offer, which is a profit, is 78.62%, which means an increase of 69.21% on September 24th. Such developments testify to increasing trust in the currency.

Another interesting aspect is the increase in the Cardano Future Open Interest (OI), which has increased by more than 5% to 1.72 billion in the last 24 hours. The current trading price for Cardano is over $ 0.8500 and shows consolidation within the symmetrical triangle.

Technical analysis and future outlook

A decisive final course above the trend line or the 50%fibonacci retracement level, which is located at $ 0.9182, could strengthen the next upward trend. Analysts see possible resistance for a possible rally for 61.8% and 78.6% Fibonacci retracement levels, which are at $ 1.0145 and $ 1.1517.

The Moving Average Convergence Divergence (MACD) also shows an upward trend that crossed its signal line last Thursday. In the meantime, the relative strength index (RSI) is 53 and has difficulty overcoming a descending trend line. However, if the courses fall below $ 0.8000, this could signal a downward outbreak of the triangle, with important support areas at $ 0.7000 and $ 0.6000.

Overall, the Cardano market is showing an interesting development that investors should follow closely. In particular, the dynamics of retail and the technical aspects could be decisive for future price developments. It is therefore important to continue to monitor the markets critically and analyze the available data.

https://www.fxstreet.com/cryptocurrencies/news/cardano-price-forecast-ada-eyes-further-gains-as-selling-pressure-wanes-202510070836