🚨 Cardano Traders Turn Bullish — $ADA Eyes Key Breakout
The bulls are back in town — but will $ADA finally break through resistance this time?
📊 Current Price: ~$0.73
📉 Support Zone: $0.70 (200 EMA)
🔺 Resistance Zone: $0.84
🧠 Market Sentiment:
• After last week’s 16% dip from $0.84 → $0.70, ADA is bouncing back with renewed strength.
• Funding rates are rising, and derivatives data from CoinGlass shows fewer shorts — bulls are taking control.
• ADA’s OI-weighted funding rate is positive, signaling increasing demand for longs.
📰 Fundamental Boost:
Cardano Foundation joins IOTA & INATBA to push back on the UK FCA’s “one-size-fits-all” crypto regulation.
They’re advocating clear separation between CeFi & DeFi, urging the UK to embrace innovation-led self-regulation.
⚙️ What’s Next?
🔹 Hold above $0.70 (200 EMA) = bullish continuation
🔹 Break above $0.84 = opens path toward fresh local highs
🔹 Rejection = possible retest of $0.70
⏳ Conclusion:
ADA is showing early signs of a trend reversal — with support from traders and regulators. Eyes on $0.84 — a decisive breakout could change the game.
