🚀💥 Cardano Soars: ADA Races to $0.77, Bull Market Ignited! 😱🔥

ADA Breaks Key Resistance

Cardano (ADA) has broken out of a symmetrical triangle, surpassing the $0.65 resistance, currently priced at $0.696, with a daily increase of 0.43%. The 1.618 Fibonacci level at $0.684 has turned into support, with $0.711 as the next resistance and $0.77 (2.618 Fibonacci level) as a short-term target.

Retail Investors Drive the Surge

Trading data shows a surge in small transfers by 250%, indicating high enthusiasm among retail investors, while large transactions have dropped by 60%-87%, with whales choosing to sit on the sidelines, and the surge being driven by retail investors.

Spot and Derivatives Bullish

Spot Flow: Inflow of $26.26M, outflow of $26.36M, slightly net outflow, indicating cautious optimism.

Derivatives: Financing rate at 0.0096%, strong bullish sentiment, leveraged traders optimistic about the breakout.

ADA Racing to $0.77?

Retail enthusiasm, bullish sentiment in derivatives, and solid support at $0.684, ADA aims for $0.77! If whales enter the market, the bull market could become even more intense, hot discussions in the crypto community!