Cardano Could Rally Toward $1.30 as Open Interest Rises and Supply Tightens Ahead of ETF Decision

Cardano’s rebound to the $0.75–$0.76 support and rising Open Interest suggest growing institutional and retail conviction ahead of the SEC’s ADA ETF decision; sustained holding above $0.90 could see ADA test $1.30, while failure risks a return to $0.75. ADA bounced from $0.75 support and is eyeing $1.29–$1.30 ￰0￱ Interest increased ~8%, signaling higher leveraged positioning and event-driven volatility. Stock-to-Flow and accumulation metrics show tightening supply among long-term ￰1￱ keyword: Cardano ETF decision — Track ADA price action now; stay informed on ETF news and market signals. , Key Takeaways Will Cardano sustain its rebound? The rebound from $0.75 reflects renewed bullish momentum, supported by strong accumulation and improved technical ￰2￱ ADA rally toward $1.30 before the ETF decision?

Tightening supply and rising Open Interest indicate ADA could extend its recovery into the ETF decision ￰3￱ (ADA) rebounded from the $0.75 support zone at a pivotal moment as the market awaited the SEC’s ruling on an ADA ETF, which many traders flagged for late ￰4￱ participants priced in the possibility that an approval would attract renewed institutional flows and greater credibility for Cardano as a major ￰5￱ engagement has increased volatility, with traders positioning for a breakout while managing event risk. Overall, both bullish and bearish scenarios remain plausible as the ETF announcement ￰6￱ ADA’s rebound fuel a stronger uptrend? Cardano briefly dipped below its ascending channel and found support at $0.75–$0.76 before buyers stepped ￰7￱ immediate recovery targeted short-term resistance at $0.92 and the psychological $1.00 ￰8￱ levels above $0.90 is critical to open a path toward $1.29–$1.30; failure to hold could lead to another test of $0.75.), and monitor Open Interest and funding rates to avoid amplified liquidation risk during volatile ￰9￱ Takeaways Support and structure : ADA’s bounce from $0.75 restored short-term bullish structure and set $0.90 as a critical ￰10￱ and supply : Rising Open Interest and a higher Stock-to-Flow ratio reflect increased speculative interest and long-term accumulation. 90–$1.00; holding those levels increases the chances of a move to $1.29–$1.30 before the ETF ￰11￱ Cardano’s rebound, supported by rising Open Interest and supply tightening, suggests that ADA is positioned for a possible advance into the ETF decision ￰12￱ the $0.90 pivot, derivatives metrics and on-chain accumulation to assess the strength of this ￰13￱ will continue to track developments and update readers as the SEC ruling approaches.