Cardano Open Interest Hits ATH: 3 Critical Targets Traders Are Watching Now

Cardano's derivatives market just hit unprecedented levels—open interest surges to all-time highs as smart money positions for the next major move.

Key Levels To Watch

Traders flock to ADA futures as institutional interest spikes—three price targets dominate conversation across trading desks. The first target sits just above current resistance, the second tests previous cycle highs, while the third would mark uncharted territory for the cryptocurrency.

Market Mechanics At Play

Elevated open interest signals heightened volatility ahead—large options positions expire this Friday, creating potential catalyst for breakout moves. Funding rates remain relatively stable despite the positioning surge, suggesting leverage hasn't reached dangerous levels yet.

Broader Implications

Cardano's momentum mirrors broader crypto strength—while traditional finance still debates 'appropriate allocation percentages,' decentralized networks just keep processing transactions. The real story isn't the targets themselves but the growing sophistication of crypto derivatives—proving once again that while Wall Street analysts were busy downgrading stocks, the real financial innovation bypassed them completely.

How High Is Cardano Open Interest?

According to data from Coinglass, the cardano open interest has already beaten its previous all-time high that was set back in January 2025. On August 18, the open interest had risen to $1.87 billion, recording the highest point so far.

This new all-time high had come after weeks of steady climb in the open interest. It had followed the rise in the ADA price, which had resulted in a new 5-month high after climbing above $0.9 in the month of August. Since then, the open interest has remained relatively high, maintaining an average of $1.5 billion per day.

Since the open interest refers to the amount of all futures or options contracts for a digital asset, it suggests that more and more crypto traders have been taking an interest in the Cardano price at this time. Usually, a rise in the open interest suggests that investors are bullish, and a decline suggests that they are bearish.

This means that Cardano investors are still expecting the price to rise from here, and with the current price point, $1 is a good target for where a push might send the ADA price next. However, if there is a sharp decline in the open interest, then the ADA price could end up crashing with it.

Major Levels To Watch For ADA Price

As interest in Cardano has grown, crypto analyst CryptoPulse has outlined the major levels to watch for the ADA price going forward. This comes as the altcoin reclaimed a key level above $0.8, and is now testing it as support. Thus, a breakout could be imminent.

The first of these levels is the 0.382 Fibonacci level, which coincides with the $1.01 price point. Next I $1.1405 at the 05. Fibonacci level, and lastly, the 0.618 Fibonacci level that WOULD put the ADA price as high as $1.27-4. “As long as price holds above the key level, higher targets remain on the table. Losing it, and we look back to range lows,” the analyst said.