TL;DR:
- ADA’s price recorded a year-over-year decline of 68% as of September 28, 2026, trading at $0.247 after slipping 3.22% over the last 24 hours.
- Historical data shows that Cardano closed in positive territory in only two of the past eight Octobers recorded since 2018.
- The Intersect organization reported the deployment of Cardano node version 11.1.2 on September 17, 2026, aimed at fixing technical bugs identified on the testnet.
Data revealed by CoinGecko this September 28 indicates that ADA has dropped 68% in 12 months, ending Monday’s session valued at $0.251 after an intraday pullback of 2.46% over the last 24 hours.
The network’s annual performance stands in contrast to its recent operational metrics. Across the 7, 14, and 30-day timeframes, the token maintains positive returns in order books.
The prolonged bearish phase began after a relative peak of $0.954 in September 2025, stretching down to a bottom of $0.138 in June 2026. That contraction led to the breakdown of the 50-week moving average (50 MA), positioned at the time above $0.451.
Starting in July 2026, the price entered a gradual recovery phase. If the September close consolidates gains, it will mark the third consecutive month in the green for the asset.
Cardano’s Historical October Record and Technical Levels
Within the cryptocurrency industry, October is often associated with a seasonal bullish bias popularly known as “Uptober.”
However, specifically for Cardano, historical statistics tell a different story. In October 2018, the asset fell 17%, followed by a 6.19% rebound in October 2019. Subsequently, it posted consecutive drops of 8.27% in 2020 and 7% in 2021, alongside a 6.22% pullback in October 2022.
The trend saw brief relief in October 2023 with a 15.35% increase. Nonetheless, the subsequent two cycles closed in the red once again: an 8.82% decline in October 2024 and a sharp 24.42% slide in October 2025.
Technical analysis highlights that a structural trend reversal would require the consolidation of higher trading volumes and verifiable formations of higher highs and higher lows on weekly charts.
On the macroeconomic front, market participants are keeping a close watch on incoming inflation figures via the Personal Consumption Expenditures (PCE) price index, the ISM Manufacturing index, and U.S. non-farm payrolls scheduled for late September 2026. Market analysts suggest these metrics could directly influence expectations surrounding Federal Reserve interest rate decisions.
At the infrastructure level, governance organization Intersect confirmed progress on the technical integration of the Dijkstra protocol. The group designated the migration of stake pool operators (SPOs) to Node version 11.1.2—officially released on September 17, 2026—as an operational priority. Official documentation clarifies that this release is not a hard fork, but rather a bug fix for issues detected on the testnet.
Additionally, the Haskell and Dingo software clients are already actively producing blocks on mainnet, while the Amaru and Gerolamo implementations continue technical testing ahead of their final integration.
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