Cardano traded near USD 0.222 today after gaining more than 15% last week, while technical momentum improved and broader trading signals remained mixed. Buyers now face resistance between USD 0.231 and USD 0.245. Positive funding and price strength above key moving averages supported the recovery setup.
ADA traded above its 50-day and 100-day exponential moving averages, supporting a stronger short-term technical structure. A move through the USD 0.231-USD 0.245 resistance zone would extend the current recovery.
CoinGlass data shows Cardano’s long-to-short ratio at 0.94. This reading means short positions slightly outnumber longs, although the narrow gap points to cautious positioning rather than heavy bearish conviction.
Funding data sends a different signal. Cardano’s open interest-weighted funding rate turned positive on Saturday and reached 0.0097% on Monday, showing stronger demand for bullish leveraged exposure.
CryptoQuant’s summary data shows large whale orders in Cardano futures, while most other tracked measures remain neutral. This mix points to increased large-trader activity without a broad bullish shift.
Trader LuckSide Crypto said Bitcoin and ADA follow a Wyckoff accumulation pattern and currently sit in Phase D. He linked Bitcoin’s setup to a possible range breakout around September 25.
LuckSide also cited two Bitcoin metrics. Long-term holders control 75% of supply, while only 17% moved during the last three months. Bitcoin dominance has also fallen below 60%.
According to LuckSide, the same framework could support an ADA gain of roughly 50% by December if the pattern holds. He also said the September 25 timing does not guarantee a breakout.
Also Read: Cardano’s September 1 Governance Vote: What it Means for ADA
The Senate plans a September 15 cloture vote on the CLARITY Act, according to LuckSide Crypto. The vote would open debate rather than approve the legislation.
The measure needs 60 votes to advance. Republicans hold 53 Senate seats, while only two Democrats have publicly backed the bill so far. Anonymous traders reportedly wagered more than USD 1 million on failure.
LuckSide said a failed vote would not end US crypto policy efforts because the SEC and CFTC continue separate work. Still, a delay would remove one September catalyst for the broader market. Cardano network data also shows a mixed picture. Chainspect recorded about 26,500 transactions on September 4 before activity fell to 19,054 on September 6.
Over the same period, on-chain revenue rose 1.99% to USD 1,261. Average transaction fees fell 2.42% to USD 0.06619, contrasting with a separate report that claimed ADA’s DEX volume had tripled. Traders will also track Cardano network activity, Bitcoin’s market structure, and the September 15 CLARITY Act cloture vote.