Cardano (ADA) Climbs 11% to Test $0.28 Resistance
- —ADA gained 11% in 24 hours, with Binance spot volume at $84.8 million
- —Open interest dropped 11.68% as price rose, indicating a short squeeze
- —RSI at 69.66 and stochastics at 93.46 point to overbought conditions
- —Top traders are 71.9% net long, with $0.25 as immediate support
Why it matters: A break above $0.28 opens the way to $0.29 and $0.32–0.34, while a close below $0.25 would cancel the bullish setup.
Source: Blockonomi