Cardano Gains Ground on RealFi Mainnet Launch and Technical Recovery
Cardano's ADA token has been gaining ground 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 20-day EMA stands at $0.2037, while the 50-day EMA sits around $0.1941. Additionally, the 100-day EMA remains near $0.1984, supporting the broader recovery structure.
RealFi has confirmed October 1 as the target for its Cardano mainnet launch. 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 over 40,000 quest actions on the public testnet.
The technical picture suggests ADA 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.