Cardano closed above the 200-day average, confirming a strong bullish breakout.
Trade volume surged 92%, showing rising investor confidence and capital rotation into ADA.
Open Interest climbed 12%, signaling leveraged traders are backing the uptrend with conviction.
Cardano's ADA launched past a key resistance level, flipping sentiment and catching traders off guard. While many altcoins continue to drift sideways, Cardano has come alive. Trading volume didn’t just rise—it exploded. Investor capital rotated in fast, chasing a move that feels less like a blip and more like the start of something bigger. Confidence is clearly growing, and bullish momentum has taken the wheel.
https://twitter.com/coinspeaker/status/1945966843656839473 ADA Posts Impressive Gains
On Thursday, ADA closed the day at $0.8101, posting an impressive 5.98% daily gain. That’s not just a lucky bounce—it marks the first time Cardano has closed above the 200-day moving average since March. That average, previously a brick wall at $0.7476, is now in the rearview mirror. The breakout looks clean. The move came with solid confirmation, too. Spot volume jumped to $290.88 million, signaling genuine market interest. Traders didn’t just watch—they stepped in with purpose.
Fueling this rally even further was a notable surge in derivatives activity. Cardano’s Open Interest climbed 12.06% in the past 24 hours, hitting $1.45 billion. But here’s what makes that important—liquidations stayed low. That means bulls are loading up on positions, not reacting to short squeezes or chasing volatility. This kind of behavior points to conviction, not confusion. When leveraged traders stay calm, it often suggests a clear trend is taking shape.
ADA Price Outlook
The real attention-grabber, though, was the trade volume. It soared 92.42% to $4.53 billion. That kind of increase doesn’t happen unless something shifts in the market’s mindset. Investors have started moving capital out of boring, low-volatility assets and into Cardano. The move seems intentional. And across major exchanges, traders are leaning hard toward the bullish side. Binance’s top accounts reported a 2.7608 long-to-short ratio. That’s not a coin flip. That’s a calculated bet on higher prices.
ADA now trades near its highest levels since March. More importantly, it’s testing those levels with strong backing. The 200-day moving average, once a major hurdle, now serves as support. Holding above $0.76 could be the key to unlocking another leg up. The next target? Resistance at $0.9053. If that breaks, ADA may set its sights on $1.00—a level that carries both technical and psychological weight. Of course, momentum can fade.
A failed attempt to climb higher could drag the price back to $0.7476 or even $0.68. But the recent golden cross, where the 50-day moving average crossed above the 200-day, still gives bulls an edge. Add in Bitcoin’s push toward new highs this week, and the backdrop remains favorable. If Cardano maintains strength above support, institutional and retail money may pour in fast. For now, Cardano seems ready to rise. Whether this breakout becomes a full-blown rally depends on what happens next—but all signs suggest ADA’s story isn’t done yet.
