Cardano (ADA) is trading above $0.82 after an 11% weekly rise, with bullish momentum fueled by growing open interest (OI) and positive funding rates. $ADA futures OI surged from $1.20B on Aug. 3 to $1.44B, the highest since July, signaling fresh capital inflow. Positive funding rates show longs paying shorts, reinforcing bullish sentiment.
Since bouncing from $0.70 on Aug. 3, $ADA has gained about 15% and could target $0.93 if it closes above the $0.84 resistance. Indicators back this outlook, with RSI at 61 and a bullish MACD crossover. Failure to hold $0.84 may see a drop to $0.77.
Meanwhile, $ETH has added DOLO, the governance and utility token of the Dolomite protocol, a decentralized money market and DEX built for capital efficiency. With a 1 billion token cap, it operates on Berachain, Ethereum, and Arbitrum via Chainlink’s CCIP. Holders can lock DOLO for veDOLO to boost voting power and earn fees or earn oDOLO as liquidity providers for discounted veDOLO. listed on #bingx , it powers trading, lending, borrowing, and liquidity provision, combining governance influence with practical DeFi use.