#Cardano #ADA

Cardano’s trading activity is intensifying, with strong bullish signals evident in both price action and derivatives data. While controversy has fueled online buzz, it hasn’t slowed ADA’s rally. However, technical indicators suggest the asset may face a short-term correction soon.

Cardano [ADA] is back in the spotlight, with a staggering 92% surge in trading volume bringing about fresh interest.

The spike comes amid controversy, prompting founder Charles Hoskinson to respond to critics. As activity ramps up, the question now is whether this momentum marks the start of a sustained revival or just another fleeting surge.

ADA’s Futures trading volume surged 92.42% to $4.53 billion, while Open Interest (OI) rose 12.06% to $1.45 billion, at press time. This signaled strong capital inflows and growing confidence among traders.

Funding Rates climbed to 0.0285, reinforcing a bullish bias in the market.

On Binance, top ADA/USDT traders exhibited a Long/Short Ratio of nearly 3:1, indicating dominant long positions and heightened expectations for further upside.