🚀 Cardano Exploding? ADA Breaks $0.75, Next Stop $0.80! 🔥💸

Cardano (ADA) is reaching a critical moment, with the current price nearing the resistance level of $0.708. A breakthrough at this point could indicate further upward movement. Since the significant rebound from $0.66, the short-term bullish momentum has notably strengthened, market sentiment has turned optimistic, and both retail and institutional investors are positive about its prospects.

Increased Short Pressure, Clear Bullish Signals for ADA

According to CoinGlass data, over the past 24 hours, short liquidations exceeded $880,000, while long liquidations were only $25,500, showing immense pressure from bearish forces in the market. The dense liquidation range is between $0.74 and $0.75, and these levels may become price magnets, further driving upward movement.

Whale Trading Decreases, but Retail Enthusiasm Soars

Despite the decline in large transactions, ADA's upward momentum mainly comes from retail investors, and the re-entry of institutional capital could accelerate its rise. If it breaks $0.75, ADA could quickly surge to $0.80 or even higher.

Technical Indicators Support Bullish Trend

Currently, ADA has broken through the 0.618 Fibonacci level, aiming for targets of $0.75 and above. The DMI indicator shows a strengthening trend, further confirming upward potential.

Summary

Strong bullish sentiment, short squeezes, and technical analysis support ADA's continued rise. If it breaks $0.75, ADA is expected to launch towards $0.80, or even higher!