In the past 24 hours, Cardano (ADA) has recovered more than 6 % of its support after a long period of price correction. This upscale gathering has sparked an increase in an open interest, as investors are committed to ADA’s future in anticipation of further growth.
Cardano explodes as the big traders are betting
according to Coinglass dataCardano’s open interest increased by 26.42 %, as merchants committed 1.2 billion ADA at a value of 958.11 million dollars for each current future expectations.
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This development indicates that Cardano investors expect more positive movement, and perhaps towards a $ 1 $ mark mark. Since early March 2025, ADA has not recovered the price level despite several attempts.
While meeting the broader market dynamics in the market march, Cardano can click on a $ 1 price. To achieve this, you should face and break the $ 0.95 roof, which is a critical resistance to the cardano.
As of the time of the press, Ada Exchange At $ 0.8002, an increase of 5.78 % in the past 24 hours. Society remains optimistic, as investors have increased payment to the next level, as trading volume increased by 69.02 % to $ 1.29 billion.
Cardano may soon record an escape over its main resistance if the market participants maintain the constant momentum in this upscale gathering.
Can Ada pay a $ 1 barrier?
Interestingly, most traders are confident of a potential recovery to one dollar level on Bitget and Binance exchange. Bitget recorded 264.30 million ADA at open interest, while Binance recorded 247.54 million ADA at open interest, at a value of 212.02 million dollars and $ 198.65 million, respectively.
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These merchants may look at more growth that may increase profits. According to U.today, Cardano’s whale cut about 80 million ADA before the current rise. This step is now seen as proactive to the continuous upward collapse.
Now that Ada has risen to $ 0.80, the next battle is to find stability at this level. With Cardano Bolleno’s Bolleno ranges to higher levels, investors are still keen to know how to reveal the price.
