Cardano Jumps 28% in a Week, Breaks Above 200-Day EMA
- —ADA gained 27.7% in a week and 2% in 24 hours, with volume near $879 million
- —Active Cardano addresses rose about 60% in a day, from 14,000 to over 22,000
- —ADA futures open interest climbed to $606 million, with shorts making up 80% of liquidations
- —The next Fibonacci target sits at $0.2594, followed by $0.3021
Why it matters: Holding above $0.239 would preserve the 200-day EMA breakout and open the path to $0.30; losing it would send ADA back to support at $0.2218.
Source: Cryptonews.net