💪 Cardano Bulls Take Charge — Breakthrough Levels Ahead?

Cardano ($ADA ) is showing fresh strength after bouncing from key support last week, now trading above $0.84 as bullish signals pile up.

🚀 Market Drivers

Derivatives Sentiment: Coinglass data shows the OI-Weighted Funding Rate flipped positive on Sept. 2 and held at 0.0079% Monday. Longs are paying shorts — a clear sign of bullish conviction.

Stablecoin Momentum: According to DeFiLlama, ADA’s stablecoin market cap hit a record $40.37M on Sunday. This surge reflects growing on-chain activity and user adoption.

📊 Technical Outlook

On the 4-hour chart, ADA broke out of a falling wedge pattern on Sunday — a classic bullish setup.

ADA now hovers around $0.84, eyeing the 61.8% Fibonacci retracement at $0.92.

A daily close above $0.84 could open the door to $1.02 (August 14 high).

On the downside, failure to hold could see a retest of the 100-day EMA at $0.77.

🔑 Takeaway

Momentum is shifting in favor of Cardano bulls. With derivatives, stablecoin growth, and technicals aligning, ADA could be gearing up for a push toward the $0.90–$1.00 zone.

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