🚀$ADA Cardano approaches $1 — momentum is rising, and the network is igniting 🔥
After months of volatility and selling pressure, Cardano is making a strong comeback.
The technical breakout, increased activity on the network, and trader interest... all signals that _ADA is ready to explode_.
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📊 Current situation:
- Price: $0.80 — up 6.22% daily
- Open interest: increased by 12% to $1.43 billion
- Active addresses: 30.9 thousand addresses in the last 24 hours — higher than the previous day
- Ratio of profitable to losing trades: jumped to 4.808 — a sign of trading at higher levels
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📈 Technical analysis:
- ADA has exited a downward channel on the 4-hour chart
- New support at $0.7854 — previous resistance turned support
- Next target for the bulls? $0.8599 — last tested on July 23
- MACD indicator shows upward momentum, while RSI approaches the overbought zone
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🧠 What does this mean?
- Increased open interest indicates a flow of new capital and growing confidence
- Network activity reflects actual usage and growth in interaction
- Breaking through resistance could push ADA towards $1.00 — _the big psychological barrier_
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🚀 _Are you ready for ADA's journey to the dollar?
📲 Follow the analyses in real-time on channel #CryptoEmad — where data turns into decisions, and momentum into profits.