Cardano Price Soars: Is a Major Breakout Coming? - Crypto Data Space
Cardano Price Soars- ADA Trading Volume Explodes 92% Cardano Price Soars– Cardano (ADA) is making serious noise again — and traders are taking notice. In just 24 hours, ADA’s Futures trading volume...
Cardano Price Soars- ADA Trading Volume Explodes 92%
Cardano Price Soars– Cardano (ADA) is making serious noise again — and traders are taking notice. In just 24 hours, ADA’s Futures trading volume skyrocketed 92.42% to $4.53 billion. At the same time, Open Interest climbed 12.06% to $1.45 billion. That’s a clear sign: money is flowing in fast, and confidence is rising.
Bulls Take Control: What the Numbers Reveal
The bullish sentiment is undeniable. Binance’s top traders are going long — and hard. The Long/Short Ratio for ADA/USDT hit nearly 3:1, revealing strong conviction for further upside. Funding rates jumped to 0.0285, reflecting market-wide bullish bias.
Even more telling, aggregated Open Interest surged past $700 million before cooling slightly — a classic sign of heightened speculative activity. The market isn’t hedging anymore. It’s betting on direction.
Controversy Sparks More Buzz
While ADA heats up, drama brews. An online user accused a Cardano-linked employee of supporting fraud, claiming they were scammed on a fake trade withdrawal. Charles Hoskinson fired back, denying the claims. Instead of slowing things down, the controversy only seems to be fueling curiosity and attention.
Is a Cooldown Coming?
ADA is now trading at $0.86 — up 4.6% on the day. But with RSI flashing 82.17, the token sits deep in overbought territory. A short-term pullback could be next before any sustainable breakout.
Still, momentum is hot. MACD remains bullish, and volume is holding strong.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
0
I like it
0
Caught my eye
0
Accurate Information
0
Unique Information
0
Well done!
0
Looks good!
Cardano Price Soars: Is a Major Breakout Coming?
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
