Cardano [ADA] is capturing the attention of investors, as both crowd and smart money sentiment reflect a strong bullish outlook.
is capturing the attention of investors, as both crowd and smart money sentiment reflect a strong bullish outlook. At press time, ADA was trading at $0.3564, up 0.94% over the past day.
However, this could also signal consolidation if buyers fail to step in, leaving ADA in a cautious state as it hovers below resistance.In terms of on-chain data, Cardano was showing modest but positive signals. Net network growth was up 0.09%, and 1.40% of ADA holders were in profit, as indicated by the “in the money” metric.
However, large transactions have decreased slightly by 0.41%, signaling that institutional investors were taking a cautious approach.Open Interest for ADA has increased by 0.71%, now standing at $216.17M. This steady rise in interest suggests that traders are cautiously optimistic about ADA’s potential to break the $0.40 resistance.
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