Cardano’s ADA token has captured investor attention following a major banking integration and promising technical signals that suggest the cryptocurrency could be positioning for a substantial price movement.
Santander’s digital banking arm, Openbank, announced on September 16 that its customers in Germany will now have access to buy, sell, and hold Cardano alongside Bitcoin, Ethereum, Litecoin, and Polygon directly through their banking platform.
The integration brings ADA to approximately 2 million Openbank customers, eliminating the need to transfer funds to external cryptocurrency exchanges.
Openbank disclosed that Spanish customers will gain access to these cryptocurrencies, including Cardano, in the coming weeks.
This institutional adoption comes as Cardano maintains its position among the top cryptocurrencies with a market capitalization of $31 billion.
The development is particularly noteworthy as ADA receives equal treatment alongside more established cryptocurrencies like Bitcoin and Ethereum within a regulated banking environment.
Cardano’s price action shows several encouraging technical patterns. ADA currently trades at $0.94254 following a robust +12.83% move, placing it at a crucial junction approaching the important $1.00 psychological barrier.
The price has successfully cleared the key resistance zone between $0.75-$0.85 and recaptured the 0.618 Fibonacci retracement level at approximately $0.85, which previously acted as strong resistance.
Chart analyst Ali Martinez identified that the TD Sequential indicator points to a buying opportunity for ADA, reinforced by golden cross formation patterns that confirm Cardano’s shift into bullish territory.
From a structural perspective, Cardano appears to be completing a large cup and handle formation on the weekly timeframe, with current price action representing the handle’s breakout attempt.
This breakout above multiple consolidation areas suggests the beginning of a fresh bullish cycle following an extended accumulation phase.
After timing the top, the TD Sequential indicator suggests it's time to buy Cardano $ADA! pic.twitter.com/z3bPwY56j6
— Ali (@ali_charts) September 15, 2025
Despite the overall positive outlook, Cardano recently experienced a sharp pullback, finding support near the $0.86 region. This correction saw ADA drop -4.34% in a 24-hour period, but the price has since stabilized.
The TD Sequential indicator has flashed a potential reversal sign, suggesting that ADA may be primed for a bounce. Traders often view this signal as an early indication that selling pressure is fading.
The immediate challenge for ADA lies in reclaiming the $0.88 to $0.90 zone, which has acted as short-term resistance during this corrective phase.
Higher low formations around $0.85 strengthen the bullish argument, suggesting sellers are losing momentum.
The RSI indicator, which had been dragged down during the recent selloff, is now stabilizing around 47, just shy of neutral. This suggests selling pressure is easing while leaving room for momentum to build if buyers step back in.
Similarly, the MACD histogram is contracting with signal lines preparing for a potential bullish cross after a prolonged downside phase.
The 1-year volatility has risen above 1.1, matching levels seen in March when ADA surged 72% in a single trading session, while open interest in the derivatives market has reached its highest point since July.
If the current technical framework holds, analysts suggest the next major resistance levels correspond with the 0.786 Fibonacci level around $1.78 and the previous cycle peak near $3.00, with potential for an advance toward $5.00 as a primary extension target.
This would represent approximately 430% upside from current prices.
Cardano’s latest price action shows an important battle unfolding near the $0.86 to $0.87 zone. After the sharp selloff, ADA has managed to establish a base and push back into the resistance band.
With ADA now holding above short-term demand zones and maintaining its structure, the cryptocurrency appears positioned for its next move as the market watches whether it can turn this stability into the start of a meaningful recovery.
The post Cardano (ADA) Price: Recent Pullback Finds Support at $0.86 as Indicators Show Recovery appeared first on Blockonomi.
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