Cardano posted a 23% gain in September and is trading just under $0.25. Several bearish signals are raising concerns: futures open interest dropped 9% over the week from $2 billion to $1.81 billion, and whales have sold 90 million tokens worth approximately $22.5 million since September 20. The Tom DeMark Sequential indicator flashed a sell signal on September 26, triggering a 10% decline since then. The key support level to watch stands at $0.24, with potential downside toward $0.21. On the bullish side, Brazil’s state oil company Petrobras tapped the Cardano blockchain to verify environmental data related to low-carbon fuels.
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