Ivan on Tech Turn Bullish as ADA Recover

Cardano weekly gains match with bullish reading from Ivan on Tech and another recovery plan from Giannis Andreou.

By SongMarketCap

Cardano News - Ivan on Tech Turn Bullish as ADA Recover

Ivan on Tech describe Cardano as bullish for the first time since fourth quarter of 2025 inside one October 5 post. One October 6 CoinGlass snapshot place ADA at $0.2772, up 1.54% over 24 hours and 10.65% over seven days.

Ivan Cardano Chart Show Bullish Reading

The chart wey follow show Cardano at $0.270804 against the US dollar, with bullish trend label, and one weekly candle wey still get six days and one hour remain. Him post no specify the indicator confirmation rules or whether the reading need weekly close.

Ivan still talk say the asset dey about 80% below im previous cycle highs and 91% below im 2021 peak. He argue say recovery fit give beta profit potential even if e no reach new highs.

Spot Volume and Futures Activity Follow the Recovery

The same CoinGlass snapshot record $208.95 million spot volume and about $1.15 billion futures turnover over 24 hours. Open interest stand near $696.97 million.

Spot volume dey measure trading for the real asset, while futures turnover cover derivatives trading. Open interest represent the value of derivatives positions wey still open.

Andreou Map Cardano Resistance and Invalidation

Giannis Andreou outline separate recovery scenario on October 5 using weekly Binance chart. The Crypto Basic report that analysis the next day.

Him setup begin with holding support at $0.23 to $0.27 and to reclaim $0.30 to $0.40. If price break above descending resistance and then succeed to retest am, e go strengthen the scenario.

Andreou then identify $0.80 and $1.30 as intermediate levels.

If dem clear the two, e fit open longer term path toward the previous all time high near $3.10. The about 1,150% upside wey him chart mark use $0.248 starting price and e depend on those steps in between.

He no give timetable for the scenario. Weekly close below $0.14 go invalidate am.