Cardano Bulls Gain Ground Ahead of RealFi Mainnet Launch

Cardano's price has been gaining attention as it attempts to build a stronger base above key technical levels. The token recently reclaimed the $0.2183 Fibonacci level after bouncing from the $0.19, $0.20 support zone.

The 50-day EMA sits around $0.1941, while the 100-day EMA remains near $0.1984, supporting the broader recovery structure. However, Cardano still trades below its 200-day EMA at $0.2435.

RealFi has confirmed October 1 as the target for its Cardano mainnet launch, which could provide an additional ecosystem catalyst. The platform has used its Pioneer Season to test its ecosystem before launch, with over 3,600 users participating in the testing phase and completing more than 40,000 quest actions on the public testnet.

The technical picture suggests Cardano is attempting to establish a recovery above the 0.618 Fibonacci level. However, declining open interest and persistent spot outflows show that conviction remains limited.