Cardano (ADA) on July 20, 2025:
🔶 Key Points:
Trading volume increased by 92%: Indicates significant interest from investors, reaching $4.53 billion.
Important technical breakout: ADA closed above the 200-day moving average for the first time since March, at a price of $0.8101, indicating strong upward momentum.
Open interest increased by 12.06%: Reaching $1.45 billion, reflecting traders' confidence in leverage.
Decrease in liquidation: Indicates that optimistic investors are holding onto their positions and are not affected by short-term volatility.
🔷 Technical Analysis:
The 200-day moving average ($0.7476) has turned from resistance to support.
The long to short ratio on Binance reached 2.76, reflecting a strong bias towards buying.
Next resistance: $0.9053.
If broken: ADA could head towards $1.00 (a strong psychological and technical resistance).
But caution is required: Failure to maintain the rise could bring the price back to $0.7476 or even $0.68.
Cardano is experiencing strong upward momentum driven by an increase in trading volume and interest from traders, making it a candidate for further gains if it maintains current support levels. However, the continuation of momentum depends on maintaining confidence and technical support, especially at $0.76.
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