Cardano Price Forecast: Bulls Push Higher as Open Interest, Funding Rates Rise
- —ADA trades at $0.262, up more than 14% this week
- —Open interest rose to 2.37 billion ADA as new longs entered
- —Funding rate flipped positive on September 17 and hit 0.010%
- —Whales holding 10–100 million ADA accumulated 140 million tokens since Saturday
Why it matters: Rising open interest and funding rates signal firm bullish momentum, but an RSI of 73 warns of overbought conditions and correction risk.
Source: FXStreet Crypto