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Cardano (ADA) jumps 11% amid short squeeze, faces resistance at $0.28 with mixed technical signals.

Technical Signals
05 Oct 2026
Blockonomi
View Source
Bullish
Cardano (ADA) jumps 11% amid short squeeze, faces resistance at $0.28 with mixed technical signals.

Cardano (ADA) surged 11% in 24 hours, trading between $0.24 and $0.27, driven by a short squeeze as open interest dropped 11.68%. The token now faces immediate resistance at $0.28 and strong resistance at $0.29, with technical indicators showing overbought conditions. Despite the rally, momentum appears to be slowing, and traders remain cautiously bullish with a 55% chance of further gains above $0.28. Key support levels are at $0.25 and $0.23, which if broken, could negate the bullish outlook.

Cardano (ADA) is trading at Rp4.904 on Pluang, up 11.89% as of Oct 05, 2026 17:22 WIB. The market cap stands at Rp178,14T with a 24-hour volume of Rp20,62T. Buy orders dominate at 62%, and the typical hold time is 126 days, showing steady investor interest.

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