CandleFocus

Cardano (ADA) Breaks Crucial Resistance With 27% Rally, What's Next?

Cardano's native token, ADA, is experiencing a surge in price, breaking key resistance levels and surpassing TRON in market cap to become the ninth-largest cryptocurrency. ADA's price has increased by 27.06% in the last 24 hours and by 45.52% this week. The daily market volume has also seen a significant increase, indicating continued attention and interest. Cardano's Open Interest has risen by 15%, with Futures traders committing a substantial amount of ADA. The next major target for ADA is the golden pocket zone between $1.13 and $1.22, with the potential to reach as high as $1.76. The hype in the Cardano community and positive market sentiment may contribute to its sustained growth trend.

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