Key Takeaways
ADA has cleared three major supply zones off the $0.50 base, but failure to hold $0.80 amid early deleveraging could stall any breakout toward $1.
With close to $200 billion rotating into altcoins over the past week, the Altcoin Season Index is sitting right at a decision point.
If Bitcoin dominance [BTC.D] keeps breaking down, we’re likely in for continued bid pressure across high-, mid- and low-caps.
Meanwhile, Cardano [ADA] still hasn’t made a clean break. Price remains pinned below the $1 handle. But structurally, it’s shaping up. ADA has already chewed through three major supply zones off the $0.50 base.
Source: TradingView (ADA/USDT)
And this isn’t just a one-off pump. Capital’s flowing out of BTC into alts, with the ADA/BTC ratio ripping 35% in the same window, marking its most sustained outperformance since the post-election push.
Still, like most alts, ADA hasn’t printed a proper reset on the higher timeframes. No solid retest, no real consolidation, just straight vertical. That makes the Altseason Index and BTC.D key to watch here.
If BTC.D finds a local bottom, Cardano’s breakout structure could be at risk. The question is whether ADA can sustain this leg higher, or if it gives up recent gains in another rotation-led unwind.
Is utility ADA’s edge this cycle?
At press time, BTC.D logged a 1.25% intraday rebound off the 60% local base after a steep weekly drawdown, signaling a potential rotation as Bitcoin [BTC] starts to reclaim capital dominance.
If this move sticks, we could be looking at an altcoin unwind, where only high-conviction plays with real fundamentals likely hold structure.
Source: TradingView (BTC.D)
Right on cue, Cardano dropped Apple Pay integration. The question is, does that kind of utility give ADA enough fuel to hold the range and push volume higher?
So far, the signs are mixed. ADA’s Open Interest just saw its first 1.5% pullback after a strong weekly rally that pushed it to a record $1.75 billion.
That signals early-stage deleveraging, and if bulls don’t step in soon, the $0.80 support zone could give way. Therefore, despite ADA’s 50% move, reclaiming the $1 psychological level may require a proper liquidity reset before continuation.