Cardano Price Prediction: Traders Await Key Breakout After $1.34M Net Outflows

Cardano price today trades around $0.63, holding slightly above a key ascending trendline that has supported its structure since late 2024. Despite sustained selling pressure and weak inflows, the coin remains within a broader symmetrical triangle that continues to compress between resistance near $0.77 and long-term support at $0.60.

The daily chart shows Cardano price action respecting the lower boundary of its multi-month ascending support, even after repeated rejections from the upper trendline drawn from April’s highs. Price has so far held above the 0.236 Fibonacci level at $0.605, which aligns with the base of this structure.

Clustered EMA resistance levels—the 20-day at $0.69, the 50-day at $0.76, and the 100-day at $0.77—define the overhead barrier zone. A clean break above this band could reestablish upside momentum toward the 0.382 Fibonacci retracement at $0.82 and potentially the 0.5 level at $0.92, both of which capped prior rallies.

At the same time, Parabolic SAR dots remain above the candles, confirming that near-term control rests with sellers. For buyers to regain momentum, ADA must close decisively above $0.70 in the coming sessions.

Data from Coinglass shows consistent negative spot netflows through October, including a $1.34 million outflow on October 23 as ADA price hovered near $0.63. These outflows indicate coins moving back to exchanges, often a sign of cautious positioning or profit-taking.

Despite the weak inflow profile, the absence of large liquidation spikes suggests no broad capitulation. This indicates that long-term holders are still maintaining positions, while shorter-term traders remain defensive.

In a notable development, the Cardano Foundation confirmed plans to apply for the .ada and .cardano generic top-level domains (gTLDs). The move comes ahead of the Internet Corporation for Assigned Names and Numbers (ICANN) application window opening in early 2026, marking the first such opportunity in over a decade.

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For now, Cardano price prediction remains balanced between the resilience of its long-term support and the weight of persistent resistance overhead. If ADA holds the $0.60 zone and reclaims $0.70, buyers could target the $0.82 to $0.92 range in the near term.

Failure to hold the ascending trendline could open the door toward $0.55 or even a retest of $0.51, where the next Fibonacci base aligns with prior consolidation.

With on-chain flows still showing outflows but fundamentals turning constructive, the next few sessions will determine whether ADA’s current pause becomes a setup for recovery or a deeper retest before a late-year rebound.