Cardano holds above $0.27 as ADA futures open interest hits $695.7M
- —ADA trades above $0.27 after gaining more than 4% since the start of the week
- —ADA futures open interest reached $695.71 million, approaching September highs
- —ADA funding rate turned positive and rose to 0.010%
- —RSI at 71 signals overbought conditions, with resistance near $0.299
Why it matters: Rising open interest and positive funding point to long demand, but overbought momentum raises the risk of a pullback toward the $0.240–0.250 support band.
Source: Cryptonews.net