Cardano Surges 4.2% to $0.86 as Stablecoin Market Hits $40.37M Record

Cardano (ADA) extended its rally to $0.86 on Monday, gaining 4.2% since September 1 as derivatives activity and stablecoin adoption...

Written by: Arslan Butt • Monday, September 8, 2025 • 1 min read

• Last updated: Monday, September 8, 2025

Quick overview

Cardano (ADA) has rallied to $0.86, gaining 4.2% since September 1, driven by increased derivatives activity and stablecoin adoption.
The derivatives market shows positive sentiment, with a funding rate indicating bullish conviction among long traders.
ADA's stablecoin market capitalization has reached a record $40.37 million, enhancing liquidity and attracting new participants.
Technically, ADA is showing strong momentum, trading above key moving averages, with resistance levels at $0.879 and $0.90.

Cardano (ADA) extended its rally to $0.86 on Monday, gaining 4.2% since September 1 as derivatives activity and stablecoin adoption continued to rise. The move follows a strong rebound from its 100-day EMA and marks a technical breakout that reinforces investor confidence in ADA’s resilience despite broader crypto volatility.

Derivatives and Stablecoins Support the Rally

Sentiment in Cardano’s derivatives market is turning increasingly positive. Coinglass data shows ADA’s OI-Weighted Funding Rate stood at 0.0079%, signaling that long traders are paying shorts, a classic indicator of bullish conviction.

Meanwhile, ADA’s stablecoin market capitalization has surged to a record $40.37 million, according to DefiLlama. This growth underscores expanding ecosystem utility, with stablecoin flows enhancing liquidity and attracting new participants.

Cardano (ADA/USD) Technical Breakout Confirms Bullish Bias

From a technical perspective, ADA has reclaimed momentum after weeks of sideways trading. Price is holding near $0.86, supported by an ascending trendline of higher lows. ADA is trading above both the 50-EMA ($0.83) and 200-EMA ($0.83), with multiple long-bodied green candles confirming strong buyer demand.

Cardano Price Chart - Source: Tradingview — Cardano Price Chart – Source: Tradingview

The RSI at 68 signals robust momentum, though traders should monitor for bearish divergence. Resistance levels to watch are $0.879 and $0.90, with upside potential toward $0.923. Immediate support rests at $0.849 and $0.822, aligning with the broader bullish channel.

Cardano (ADA/USD) Trade Setup for Novices

A potential long entry could be considered on a sustained break above $0.879, targeting $0.90–0.923, with a stop-loss below $0.849. Alternatively, a failure to hold above trendline support may open a pullback toward $0.822 for short-term traders.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.