Cardano Price Gains 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 20-day EMA stands at $0.2037, while the 50-day EMA sits around $0.1941. Meanwhile, RealFi has confirmed October 1 as the target for its Cardano mainnet launch, with over 3,600 users participating in the testing phase and completing over 40,000 quest actions on the public testnet.
Despite improving chart momentum, derivatives activity paints a more cautious picture. $ADA's open interest has contracted considerably after several major accumulation phases, with traders steadily reducing leveraged exposure since July and August.