Cardano ($ADA ) is on fire! 🔥 Here are the key data points that we all should know:
📈 Impressive Rally
- +40% in just 10 days, breaking key resistances.
- Trading at $0.8233 (1-month high), +7% just this Thursday.
💰 Historic Open Interest
- OI surpasses $1.440M (+16.3% in 24h).
- About to break the record of $1.500M (January 2024)!
🐂 Bulls Dominate
- 52% of positions are LONG (vs. 48% short).
- Positive funding rate (0.0219%): traders pay to maintain purchases.
🎯 Price Targets
1. $0.9214 (Fibonacci level 61.8%).
2. $1.00 (next psychological resistance).
3. $2.00 on the radar if the momentum continues.
🛡️ Technical Supports
- Moving averages at $0.6894 - $0.6581 would act as a safety net against corrections.
⚡ Why does it matter?
Massive leverage explains volatility, but the indicators confirm:
✅ Record OI + ✅ Bullish dominance + ✅ Technical breakout = Potential to keep rising.
#Cardano is approaching its best moment in months. Ready for the next leap? 🚀
