Cardano Tests Resistance After 11% Price Jump
Cardano (ADA)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Cardano’s price rose 11% over two days, testing a descending resistance line that has capped rallies since March. On Saturday, the token traded quietly between 0.2428 and 0.2487 with four-hour volume ranging from 7 to 19 million tokens. Activity shifted on Sunday evening when the 20:00 UTC bar printed 89 million ADA, compared to 11 to 13 million in earlier bars.
The asset closed Sunday at 0.2597 and reached 0.272 by 13:00 UTC on Monday 5 October. This represents an 11.6% increase from the Sunday open of 0.2438. Bitcoin gained 1.4% and Dogecoin rose 3.0% during this window.
The Monday high of 0.2768 pierced the descending line connecting highs from 18 March and 10 May by about 2%. No specific news triggered the move, and the wider altcoin market remained flat. The news flow is about a week old, making it difficult to attribute the price action to a single event.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 5 October 2026. Not the outlet's figures.
Whalio’s Binance spot data shows ADA trading at $0.2597 with a 1-hour buy ratio of 54.0% and a 4-hour buy ratio of 55.1%. These short-term figures exceed the 24-hour buy ratio of 50.2%, indicating that buying pressure is currently building relative to the daily average. The 1-hour volume delta is positive at +$218,291, while the 4-hour delta stands at +$773,928, showing net inflows over these periods. The 24-hour volume delta is +$180,517, though the cumulative CVD at the 24-hour close was -$230,988. Net buying occurred for 14 of the last 24 hours against a total spot volume of $52,225,328 and 168,195 trades.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.0%, with the latest day showing a negligible 0.2-point increase. Volume was 1.33 times the average, suggesting a moderately active trading environment compared to normal. However, the 8-day volume delta was -$64,663, contrasting with the positive short-term deltas seen today. Only 4 of the last 7 days saw net buying, and the price changed just 1.8% over the 8-day period. This indicates that while today shows stronger short-term momentum, the broader weekly trend remains relatively subdued with mixed buying signals.