Cardano (ADA) has seen a surge in open interest despite price volatility, with investors committing 1.31 billion ADA ($1.21 billion) to ADA futures in the past 24 hours. This indicates that Cardano's investors expect positive price movement and stability. Analysts believe this anticipation is reasonable based on historical data, as ADA has maintained a 31.3% growth rate in February. However, ADA has struggled to break the $0.99 resistance level in the last seven days, fluctuating between $0.9215 and $0.9819. Currently, ADA is trading at $0.9304 with increased trading volume. Gate.io had the highest interest from investors, followed by Binance, Bybit, and Bitget. The distribution of interest across different exchanges suggests growing confidence in ADA. Analysts predict that increased open interest may lead to increased liquidity and help ADA reclaim the $1 price level.



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