🔸While the entire market is hibernating during the holiday, the Futures volume of Cardano unexpectedly skyrocketed by 52,088%, reaching nearly 130 million dollars in just 24 hours at a major derivatives exchange. This unusual movement indicates that large capital is quietly setting up positions, forecasting a tsunami of price volatility about to hit right before the New Year.
🔸Although the price is slightly recovering around $0.355, the $ADA is standing at the brink of life and death. If it cannot break the strong resistance at $0.38 and the important MA lines to rise to $0.70, be careful of the scenario where the price breaks the trend and seeks the bottom range of $0.30 - $0.27.