CandleFocus Cardano Traders Commit 1.28 Billion ADA in Open Interest
2025-01-28
Author: Content Editor
Cardano (ADA) has experienced volatile price movements in the past 72 hours, dropping to a low of $0.8725 after failing to breach the $1 mark. However, ADA has since recovered and is currently trading at $0.9588. Data shows that Cardano investors have shown renewed confidence in the market, with open interest reaching $1.23 billion. Gate.io led the way with $296.51 million committed by futures traders, followed by Binance, Bybit, and Bitget. These four exchanges accounted for over 88% of the total open interest. Analysts predict that sustained interest from investors could help ADA surpass its resistance level and continue to rally.
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