TLDR
- Cardano trades above $0.254, holding firm above its 200-day EMA at $0.240.
- Cardano Foundation signed a partnership with Pacific Meta to boost enterprise blockchain adoption in Japan.
- Daily active addresses jumped from 15,588 to over 27,500 in a week, signaling rising network use.
- Funding rates turned positive, though futures data shows some overheating and bearish caution.
- Analyst Crypto Patel says ADA could target $1, $3, and $5 if key support levels hold.
Cardano is trading above $0.254 on Friday. The price has climbed back above a key support zone after a rough stretch earlier in the year.
Part of the renewed interest comes from a new business deal. The Cardano Foundation announced a partnership with Pacific Meta on Thursday.
Cardano is deepening its enterprise presence in Japan. 🇯🇵
We’re partnering with @PacificMeta to combine Cardano infrastructure with local market expertise and enterprise integration, helping Japanese companies bring real-world blockchain use cases to life.
Less talk about… pic.twitter.com/mEypDVTHx3
— Cardano Foundation (@Cardano_CF) October 1, 2026
The deal is meant to speed up enterprise blockchain adoption in Japan. Cardano Foundation explained the goal in a post on X.
“We’re partnering with Pacific Meta to combine Cardano infrastructure with local market expertise and enterprise integration, helping Japanese companies bring real-world blockchain use cases to life,” the Foundation wrote.
Network Activity Is Rising
Daily active addresses are a way to measure how many people are actually using a blockchain. For Cardano, this number has been climbing.
According to Santiment, daily active addresses rose to 27,548 on Thursday. That’s up from 15,588 just a week earlier. The number held near 26,800 on Friday.
More active addresses usually means more people are using the network. That’s generally seen as a positive sign for a token’s price.
Funding rates also flipped positive this week, hitting 0.0037% on Friday. This means traders betting on higher prices are now paying those betting on lower prices, another sign of bullish sentiment.
Not everything points up, though. CryptoQuant data shows large whale orders in ADA’s futures markets, but with sell-side dominance. Spot markets are also showing signs of being overheated, pointing to some caution among traders.
Analyst Points to Bigger Targets
Crypto trader Sssebi shared a chart on X showing ADA consolidating above a resistance zone it had broken out from. “This is usually very bullish and we could see a nice pump from here,” Sssebi wrote, adding that the next move could push ADA above $0.30.
$ADA keeps consolidating above the resistance area it broke out of and is now using it as support.
This is usually very bullish and we could see a nice pump from here.
Hopefully the next move is above $0.30 pic.twitter.com/H5z5qygxBP
— Sssebi🦁 (@Sssebi) October 2, 2026
Another analyst, Crypto Patel, laid out a longer-term case for ADA on X. Patel said ADA is in an accumulation phase, pointing to three signs: a weekly support zone has held, the “golden pocket” Fibonacci zone remains intact, and ADA has reclaimed the $0.235 level.
Everyone Sold $ADA At -94%. Smart Money Bought It.
The Weekly Order Block Is Defended, The Golden Pocket Held, And $0.235 Is Reclaimed. The Same Demand Zone Sat Under The 2021 Run.
Targets: $1 → $3 → $5 🚀
Invalidation: Weekly Close Below $0.137 @Cardano pic.twitter.com/eXQjdqzy6Z— Crypto Patel (@CryptoPatel) September 30, 2026
“The weekly order block is defended, the golden pocket held, and $0.235 is reclaimed,” Patel wrote.
Patel’s chart shows a support range between $0.14 and $0.20, an area the analyst calls a “bullish order block.” The chart also shows ADA previously gained over 87% after bouncing from this same zone between June and September.
Patel’s price targets are $1, $3, and $5. Reaching $1 would mean about a 292% gain from current levels. The chart also includes a longer-term projection extending toward $10, though this sits beyond Patel’s stated targets.
Patel did note a level that would cancel the bullish setup: a weekly close below $0.137.
On the charts, Cardano is holding above its 50-day EMA at $0.220, its 100-day EMA at $0.212, and its 200-day EMA at $0.240. The Relative Strength Index sits around 63, just outside neutral territory.
Immediate support sits at $0.245 and the 200-day EMA at $0.240. The next resistance level is at $0.299, where a daily close above that price would be needed to extend the recovery further.
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