{"id":47638,"date":"2026-10-01T20:53:18","date_gmt":"2026-10-01T20:53:18","guid":{"rendered":"https:\/\/financialrush.com\/?p=47638"},"modified":"2026-10-01T20:53:18","modified_gmt":"2026-10-01T20:53:18","slug":"cardano-ada-ends-september-with-massive-gains-but-major-bearish-signals-are-flashing","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47638","title":{"rendered":"Cardano (ADA) Ends September With Massive Gains: But Major Bearish Signals Are Flashing"},"content":{"rendered":"

\n<\/p>\n

Cardano’s native cryptocurrency posted an impressive 23% price increase over the past month and is currently trading just under $0.25.<\/p>\n

Many analysts expect October to bring further gains, but Ali Martinez outlined several important factors that could trigger a short-term pullback.<\/p>\n

Time to Cool Off?<\/h2>\n

The popular X user started his analysis by noting that demand for ADA in the futures market is cooling. He said<\/a> open interest has declined 9% over the last week, from almost $2 billion to about $1.81 billion.<\/p>\n

\n

“This suggests traders are reducing leveraged exposure,” he explained.<\/p>\n<\/blockquote>\n

Martinez then turned to whale activity, which should serve as a clear bearish signal. According to him, large investors have offloaded 90 million tokens (worth around $22.5 million) since September 20, adding to the recent selling pressure.<\/p>\n

His third negative factor is the Tom DeMark Sequential indicator, which flashed a sell signal on ADA’s daily chart on September 26. Martinez noted that the asset’s valuation has plunged 10% since then and hinted that the correction may not be over yet.<\/p>\n

Subsequently, the market observer focused on $0.24, calling it the key mid-range support. He believes that losing that level could lead to a further drop to $0.21. At the same time, holding the lower boundary could present the next buying opportunity, targeting the channel top near $0.28.<\/p>\n

ADA’s seasonality should also be mentioned. Unlike BTC, which often thrives<\/a> in October, Cardano’s native token has historically underperformed during this period, finishing in the red six times over the past nine years.<\/p>\n

<\/a>
ADA Monthly Returns, Source: Crypto Rank<\/figcaption><\/figure>\n

The Bullish Scenario<\/h2>\n

Recently, Brazil’s state oil giant Petrobras reportedly tapped the Cardano blockchain to verify environmental data related to low-carbon fuels.<\/p>\n

Several popular X users quickly reposted the development, including TMA | The Money Ape. They suggested<\/a> that “Cardano real-world use case is here,” reminding that ADA skyrocketed by over 17,000% during the 2021 bull run.<\/p>\n

Another market observer who envisioned a major rally is JAVON MARKS. Earlier this month, they said that ADA appears to have “based” just like in 2020 before a massive price increase. That said, the analyst expects another \u201cmonstrous run\u201d and set $2.90 as a target.<\/p>\n

The post Cardano (ADA) Ends September With Massive Gains: But Major Bearish Signals Are Flashing<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Cardano’s native cryptocurrency posted an impressive 23% price increase over the past month and is currently trading just…\n","protected":false},"author":2,"featured_media":47639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-47638","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47638"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/47639"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}