Cardano’s ADA token is showing renewed bullish momentum after a successful constitutional committee vote and a confirmed mainnet launch date for RealFi. ADA traded near $0.2076 on September 3 after gaining 3.26% over 24 hours, with buyers stepping in near $0.1991 and pushing price back above the 20-day EMA at $0.2006 and the 100-day EMA at $0.1976. The vote passed on September 1, securing four seats and clearing a governance overhang that had weighed on sentiment.
By September 4, ADA had reclaimed the $0.2183 Fibonacci level as support and was trading near $0.2210, holding above the 20-day EMA at $0.2037, the 50-day EMA at $0.1941, and the 100-day EMA at $0.1984. Analysts noted that falling open interest to $492.44 million signals deleveraging and weaker speculative demand, while persistent ADA outflows may indicate reduced selling liquidity and potential accumulation.
On the derivatives side, short positions absorbed $865,420 of the $1.18 million liquidated over 24 hours as ADA rallied. Cardano price prediction for September 4 targets $0.2310 if ADA closes above $0.2132, a level matching the 0.5 Fibonacci retracement and a descending trendline. The recovery could weaken if price falls back below $0.2006. RealFi has confirmed October 1 as the target for its Cardano mainnet launch, adding a potential catalyst for further adoption.
