Main notes
- ADA has achieved the first daily closure of the moving average for 200 days since March, indicating a possible reflection of the direction.
- The open interest jumped by 12.06 % to $ 1.45 billion while the trade volume increased by 92.42 %, indicating a strong institutional commitment.
- Decisive support should carry $ 0.76 for bulls to target $ 0.9053 resistance and check the upscale breakdown scenario.
Cardano
Lead
0.80 dollars
24 hours fluctuation:
3.1 %
The maximum market:
$ 28.85 b
Folder. 24h:
$ 2.10 b
She extended her upward plan on Thursday, July 17, as it was closed at $ 0.8101 with a strong profit of 5.98 %. The price has increased to the 200 -day decisive moving average ($ 0.7476), which is the first daily closure of this level since March. The size of 290.88 million jumped, confirming the renovation of the demand for spots.
The assembly is partially provided by increasing derivative activity. According to market data, Cardano’s open interest increased by 12.06 % over the past 24 hours, climbing to $ 1.45 billion. This sharp increase in exposure to benefit from benefit, without an equation in the liquidation, indicates that the bulls increase with confidence in positions instead of chasing the filter or responding to fluctuation.
Cardano Derivatives Analysis | source: Coinglass
Meanwhile, the trade volume increased by 92.42 % to $ 4.53 billion, as investors rotated the capital from low altcoins to Cardano.
Through the main stock exchanges, new parking was bent up with the Binance Top Traders accounts that publish 2.7608 long/short per day. This focus of long situations indicates an increase in confidence in a constant outbringing.
Cardano Price Expectations: Will ADA keep more than $ 0.76?
ADA is now tested its highest levels since March 2025, as it has decisively turned over SMA for 200 days to support. If the bulls keep the line above $ 0.76, then the following resistance is located at $ 0.9053. The violation of this level would verify the authenticity of the macro upper reflection, and Ada may pay about $ 1.00.
Cardano price expectations
On the contrary, failure to keep momentum can lead to a withdrawal of about $ 0.7476 or even $ 0.68. However, monotheism over the golden cross (50/200 days) and the interest of the strong market surrounding Bitcoin
BTC
119 dollars 136
24 hours fluctuation:
0.4 %
The maximum market:
$ 2.37
Folder. 24h:
$ 47.31 b
The prominent landmarks at all times this week indicate that this gathering may not end yet.
It can attract support for more than 0.76 dollars in the new capital as an institutional investor and retail investors before next UP.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post Cardano Volume Soars 92%: Why Investors Are Rotating Into ADA? first appeared on Investorempires.com.
