$ADA price is rising and bulls are aiming for a $0.90+ breakthrough. Here's what's driving the momentum:
- *Increased Interest:* Cardano " ADA" futures Open Interest has hit $1.43 billion, indicating growing retail interest.
- *Positive Technicals:* ADA's MACD buy signal and increased trading volume support a positive technical view.
- *Breakout Potential:* A break above the major falling trendline that has limited ADA's upside since December could lead to further gains.
*Key Levels to Watch:*
- *Current Price:* $0.8669 (up over 3.36%)
*Target:* $0.8750
*Target:* $0.8850
*Target:* $0.900
- *Support Levels:* $0.83
*Market Sentiment:*
The long-to-short ratio indicates that more traders are long $ADA and short position liquidations are supporting the token's bullish thesis. A Golden Cross formation in July has boosted risk-on mentality and speculative demand could push $ADA beyond $0.90 in the next recovery phase.
