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Cardano Price Soars- ADA Trading Volume Explodes 92%
Cardano Price Soars– Cardano (ADA) is making serious noise again — and traders are taking notice. In just 24 hours, ADA’s Futures trading volume skyrocketed 92.42% to $4.53 billion. At the same time, Open Interest climbed 12.06% to $1.45 billion. That’s a clear sign: money is flowing in fast, and confidence is rising.
Bulls Take Control: What the Numbers Reveal
The bullish sentiment is undeniable. Binance’s top traders are going long — and hard. The Long/Short Ratio for ADA/USDT hit nearly 3:1, revealing strong conviction for further upside. Funding rates jumped to 0.0285, reflecting market-wide bullish bias.
Even more telling, aggregated Open Interest surged past $700 million before cooling slightly — a classic sign of heightened speculative activity. The market isn’t hedging anymore. It’s betting on direction.
Controversy Sparks More Buzz
While ADA heats up, drama brews. An online user accused a Cardano-linked employee of supporting fraud, claiming they were scammed on a fake trade withdrawal. Charles Hoskinson fired back, denying the claims. Instead of slowing things down, the controversy only seems to be fueling curiosity and attention.
Is a Cooldown Coming?
ADA is now trading at $0.86 — up 4.6% on the day. But with RSI flashing 82.17, the token sits deep in overbought territory. A short-term pullback could be next before any sustainable breakout.
Still, momentum is hot. MACD remains bullish, and volume is holding strong.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
