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Cardano's ADA jumps 42% since mid-September amid rising derivatives and stablecoin shifts

Technical Signals
07 Oct 2026
Tokenpost
View Source
Bullish
Cardano's ADA jumps 42% since mid-September amid rising derivatives and stablecoin shifts

Cardano's ADA price surged about 42% from $0.19 on Sept. 16 to around $0.27 by Oct. 5, driven by increased derivatives exposure and a decline in stablecoin supply. Open interest in ADA derivatives rose 25%, indicating new market positions and short covering contributed to the rally. The market is testing resistance near $0.28, where a sustained break could trigger a short squeeze, while rejection may lead to liquidations. Upcoming infrastructure developments like Fireblocks support and RealFi products add potential catalysts for ADA's future movements.

While Cardano's ADA price surged about 42% recently, on Pluang as of Oct 07, 2026 16:21 WIB, ADA trades at Rp4.562 with a 1-day decline of 9.23%. The circulating supply on Pluang is 36.8 billion ADA out of a total 45 billion, representing 82% availability. Despite the recent rally, Pluang order activity shows a dominant 78% sell interest, contrasting with only 22% buy orders, indicating cautious sentiment among traders.

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