Cardano Rises 2.9% to $0.2522 on Derivatives Growth and TOKEN2049 Buzz
- —ADA trades above its 50-day ($0.2142) and 200-day ($0.2050) moving averages
- —Cardano derivatives open interest rose to about $600 million
- —ADA trading volume approached $1 billion
- —Cardano TVL holds in the $65–66 million range
Why it matters: Rising open interest supports a breakout attempt at $0.2545, but stacked leverage would amplify a reversal if support breaks.
Source: TronWeekly