$ADA

🚀latest Cardano (ADA) update:

Price: ~$0.86 (up ~5% in 24 h, ~30–40% weekly)

Futures Open Interest: $1.26 B (locked in for months); +31–36% growth in July

Volume: Spot volumes surged +66–92%; price reclaimed 200‑day EMA at ~$0.76

TVL & Network Activity: TVL rose ~93% to ~$438 M; Emurgo launch powering ecosystem

🔥 Drivers & Market Setup

Technical breakout: EMA golden cross confirmed; price above downward wedge—signals bullish reversal

Institutional flows: Derivatives and volume inflows suggest strong conviction

Macro catalyst: ETF chatter (Grayscale Cardano ETF decision expected in August) adds tailwind

🎯 Trade Strategy

Support Zone: $0.80–$0.85

Breakout Trigger: Close above $0.90 → Targets: $1.00 → $1.10+

Dip Entry: $0.82–$0.84 → rebound toward $0.90

Stop-Loss: Below $0.78 invalidates bullish setup

➡️ DYOR .

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