Cardano Price Prediction: ADA Consolidates as Coinbase Reserves Surge 462%

Cardano (CRYPTO: ADA) price today is trading around $0.837, holding steady within a tightening symmetrical triangle on the daily chart. Buyers are attempting to defend the $0.82–$0.80 support range, while resistance remains heavy near $0.85–$0.87, the upper boundary of the short-term formation.

Traders are now watching whether fresh exchange data and rising Coinbase reserves will strengthen the bullish case or signal a potential supply overhang.

The daily chart shows ADA moving within a narrowing consolidation structure, with price pinned between two converging trendlines. The lower trendline support lies near $0.80, while resistance caps at $0.87, aligning with previous breakdown levels and the midline of the prior ascending channel.

A sustained move above $0.87 could confirm a bullish breakout, opening a path toward $0.91 and $0.94, whereas a rejection here may pull the token back to $0.78 and $0.75, where the next liquidity clusters lie.

The 20-day EMA remains flat near $0.84, while the RSI hovers around the neutral zone, suggesting indecision. Momentum has cooled since the early October rebound, leaving the market poised for a directional move in the coming sessions.

According to Coinglass data, Cardano netflows flipped positive at $110,000 on October 6, following a sharp negative flow of $22 million the previous day. This shift indicates reduced selling pressure after heavy outflows, though volumes remain far below the levels seen in July and August.

The pattern reflects short-term accumulation from smaller holders while larger entities appear cautious. Futures open interest has stayed muted, reinforcing a wait-and-see approach among leveraged traders. Analysts note that consistent positive netflows above $10 million would be required to validate a broader accumulation phase.

Market attention has turned to new data showing a massive spike in Cardano reserves on Coinbase, which surged 462% from 1.7 million ADA to 9.56 million ADA, according to Cardano Feed.

The increase could either indicate institutional repositioning or a short-term liquidity preparation by the exchange. While some traders interpret this as a sign of renewed exchange confidence and potential staking expansion, others see it as a warning that supply inflows could pressure prices if market demand does not absorb the increase.

The timing of this reserve surge, coinciding with mild positive spot flows, adds complexity to the near-term outlook.

Cardano price prediction for the near term depends on the $0.82–$0.87 compression range.

The next move for Cardano price hinges on whether bulls can turn the current neutral flows into sustained accumulation while defending the $0.82 region. The 462% Coinbase reserve surge presents both opportunity and risk, depending on how exchange activity translates into market behavior.

If ADA breaks above $0.87 with volume confirmation, it could advance toward $0.91 and $0.94, signaling a short-term trend shift. Failure to hold $0.80, however, would tilt sentiment bearish, exposing deeper support near $0.75 and delaying any recovery attempt.

For now, ADA remains in consolidation, awaiting confirmation from both on-chain inflows and technical breakout signals before defining its next major direction.