🔥 Cardano ($ADA ) Rally Accelerates as Open Interest Hits Record High! 🚀🪙
📈 +60% in 4 Weeks — and it’s not slowing down!
Cardano is on fire this Monday, trading above $0.88, after a huge run from mid-June. The real story? Open Interest just hit a new all-time high of $1.66B — a massive show of confidence from traders!
🔍 Key Highlights:
✅ Open Interest: $1.66B (up from $1.18B in June)
✅ ADA Weekly Volume: Surged to $10.3B — highest since March
✅ Target 1: $1.01 (Fibonacci 61.8% retracement)
✅ Target 2: $1.13 (next resistance zone)
📊 Technical Breakout Confirmed:
ADA broke out of its falling wedge and closed above $0.84 — now using it as strong support. Holding this level opens the path toward $1.02+, with bulls eyeing a return to the $1.13 zone next.
🧠 Watch These Levels:
🟢 Support: $0.84
🟢 Next Support (if rejected): $0.73
🔺 Resistance Zones: $1.01 → $1.13
📣 Traders are watching closely — and whales are clearly playing! If momentum keeps building, ADA could be one of the top altcoin breakouts this quarter.