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Ad Home / Price Analysis / Cardano Price Prediction as ADA Funding Rate Hits 16-Week Low Despite CIP-0113 Mainnet Launch Cardano Price Prediction as ADA Funding Rate Hits 16-Week Low Despite CIP-0113 Mainnet Launch 09 Oct, 2026 By Muthoni Mary Muthoni Mary
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
Cardano (ADA) price is down 4.84% to trade at $0.239 at press time. ADA is now down 14% since October 6, with this drop pushing the altcoin’s funding rate to its lowest level since late June
However, while Cardano price is falling, the number of active addresses is rising amid multiple developments on the network
Data from CoinGlass shows that the Cardano funding rate has dropped to -0.0183%. This is the lowest funding rate reading for ADA since late June 2026. ‘
A negative funding rate shows that short sellers are paying long buyers to keep their positions open. This highlights a bearish Cardano future outlook where most traders are betting on a decline
The long/short reading of 0.89 further supports this bearish positioning, as it shows that there are more short accounts than long accounts
Cardano’s open interest had also dropped by 10% at the time of writing to $526 million. The OI is now at its lowest reading since late September as futures traders shy away from opening new positions despite rising whale activity
Data from Santiment shows that Cardano’s daily active addresses rose to 27,500 on October 7 and 27,200 on October 8. The data shows that this is a 1.7 times jump from September’s average
Santiment notes that this increase does not stem from the selloff across the crypto market because Bitcoin’s and Ethereum’s active addresses are still within their September averages
However, the surge coincides with the launch of the CIP-0113 token standard on the Cardano mainnet on October 7
This update seeks to bring regulated finance into Cardano where stablecoin and asset issuers can create compliance rules into native Cardano tokens, including Know Your Customer (KYC), sanctions screening and freeze controls
Cardano price has been moving within an ascending parallel channel on the one-week chart. The price has now dropped to test support at the midline of this pattern, and if it breaks, it could move below the psychological support of $0.20
The RSI has dropped to 50, suggesting that the momentum is now neutral after bears lost their grip. A drop in this RSI line to below 50 will confirm that ADA price could edge lower
The ADX line is also tipping south and remains below 50, which shows that the uptrend shown in the rising channel is weak
However, if the sentiment across the broader crypto market improves and Cardano price breaks resistance at $0.25, it may move to the next target at the 78.6% Fib of $0.328
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1. How low could Cardano price go as the crypto market sell-off continues?
2. Why is Cardano's network activity rising?
3. What is the impact of the negative funding rate on Cardano price?
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
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