- Cardano Price Expectations: ADA Continues Its Rebound Amid Growing Retail Demand:

The price of the Cardano (ADA) coin has gradually risen, as it was trading above $0.265 at the time of writing this report on Friday, with cryptocurrency prices generally rising, supported by improved sentiment after Iran announced the opening of the Strait of Hormuz, which will remain open during the ceasefire period.

West Texas Intermediate (WTI) is trading at around $79, down from the daily opening price of approximately $90. Reopening the Strait of Hormuz is expected to ease pressure on global oil and gas supplies.

- Renewed Retail Investor Interest Supports Cardano’s Rebound:
Cardano is seeing a significant increase in retail participation, which has pushed open interest (OI) up to $468 million on Friday, up from about $431 million the previous day.

On April 1, the average open trading volume reached $406 million, confirming rising risk appetite and capital inflows from the retail sector. The ADA program requires a highly focused retail market to achieve sustainable gains in the short to medium term.

Open trading information for ADA futures contracts | Source: CoinGlass

In the derivatives market, it appears traders are increasingly betting on a rise in Cardano’s price, as the open interest-weighted funding rate remained positive at 0.0089% on Friday. If risk appetite increases, the likelihood of Cardano closing the price gap to $0.30 will rise significantly.

Open interest-weighted funding rate based on trading volume for ADA | Source: CoinGlass

- Technical View: Focus on a Cardano Breakout
Cardano is trading at $0.265, maintaining a slight bearish trend, as the price is still capped below the 100- and 200-day exponential moving averages (EMA) at $0.302 and $0.393, respectively. However, the pair is trading above the 50-day exponential moving average at $0.263. The broken-down trend line has turned into a support level near $0.248, indicating an attempt to build a price base.
In addition, the Relative Strength Index (RSI) near 56 points to slightly positive momentum, while the Moving Average Convergence Divergence (MACD) is positive, strengthening the idea that bearish pressure is fading rather than accelerating.

Daily chart for ADA/USDT

On the upside, the initial resistance is at the 100-day exponential moving average at around $0.301, where a daily close above this level is required to soften the overall bearish trend. Meanwhile, the 200-day exponential moving average at $0.393 represents a farther upside target and a medium-term barrier. On the downside, immediate support is observed at the 50-day exponential moving average at $0.263, followed by the prior broken-down trend line level near $0.248. A drop below this last area would reopen the path toward the weekly open at $0.236.
$ADA ‌