Cardano Bulls Eye $1 — Network Activity & OI Heat Up 🚀
ADA just broke out of its falling channel and is eyeing bigger gains. At $0.80 (+6.22% in 24h), trader optimism is climbing fast:
📊 On-chain spark:
Active addresses: 30.9K (↑ from 29.6K yesterday) — more wallets, more action.
Profit-to-loss TX ratio: 4.808 (↑ from 1.79) — majority of holders now in profit, boosting sentiment.
💰 Open Interest Surge:
+12% in 24h → $1.43B OI
Funding rate: 0.0107% (↑ from 0.0085%) — buy-side dominance building.
Levels to watch:
Support: $0.7854 — breakout level now holding as a floor.
Target: $0.8599 — last seen July 23.
Fail scenario: Lose $0.7854 → likely drift to 100 EMA at $0.7589.
🔥 If momentum sticks, $1 is back on the table sooner than the market expects.
