🔥 ADA Sparks Reversal Hopes — Is This the Comeback No One Saw Coming?

Cardano (ADA) is back in the spotlight after testing the key $0.69 resistance zone, following a bounce off $0.65 support. A fresh SuperTrend buy signal is adding fuel to the fire — could this be the bullish breakout traders have been waiting for?

🔹 Open Interest in ADA futures just jumped 2.2% to $831M, reflecting rising confidence.

🔹 A 2.83 long/short ratio on Binance shows bulls are taking control.

🔹 Over $1B in trading volume and a short squeeze in progress — $394K in shorts liquidated vs. $198K in longs.

📉 But not all signals are green. Cardano’s DeFi TVL has dropped since its $415M peak on May 11, and the MACD flashed a sell signal on May 17 — a warning for cautious traders.

🔍 Meanwhile, macro pressures linger. Market uncertainty tied to U.S. tariffs and global economic sentiment has sparked volatility. Still, ADA's price action is hinting at a potential run toward the $1.00 resistance zone — a level rich with supply.

Will Cardano defy the odds and reclaim its bullish momentum?

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