Cardano (ADA) traded near $0.2537 on September 28, gaining 11.5% over the past week as the cryptocurrency held above the $0.25 mark. The token's market capitalization stood at approximately $9.52 billion.
The broader crypto market valued near $2.98 trillion, with Bitcoin trading around $84,244, Ethereum near $2,679, and XRP at $1.51.
Price Levels and Technical Indicators
ADA remained near $0.25 following multiple attempts to clear resistance at $0.26. The token had recovered from roughly $0.20 in mid-September after dipping below $0.24 on September 24. A sustained close above $0.26 could open a path toward $0.27, with further gains potentially bringing $0.30 into view. Should the price fall below $0.25, support near $0.20 becomes the next level to monitor.
The four-hour RSI stood at 55.54, above the neutral 50 level. The MACD line measured 0.0034, below its signal line of 0.0041, with a histogram of negative 0.0007 indicating slowing upward momentum.
Derivatives Market Weakens
Cardano's derivatives market showed signs of cooling. ADA trading volume fell 17.44% to $483.74 million, while open interest declined 3.71% to $605.28 million. Options volume experienced the steepest drop, falling 92.94% to $6,590, with options open interest edging down 0.27% to $374,920.
Decentralized Exchange Activity Spikes
Cardano's decentralized exchange volume surged 2,965% weekly, reaching $1.68 million over 24 hours. Monthly DEX trading totaled $248.31 million over the preceding 30 days. The significant monthly figure relative to the lower daily reading suggests earlier trading bursts drove much of the increase rather than sustained daily activity.
