Cardano (ADA) over the past seven days recorded an increase in price by 4.81%. This happened as the signals of the development of the ecosystem, that blockchain can soon integrate with bitcoins (BTC).
Against the backdrop of this positive feeling, open interest cardano suggests that ADA can soon attest to the rebound in the crypto space.
Open percentage of jumps reflects bull bets on ADA
According to Coinglass, over the past 24 hours 986.66 million ADA have been committed to an open share of investors selling Futures ADA.
This volume is 611.47 million dollars. USA at the current market value of ADA. This indicates that ADA holders are betting on the rebound of the asset in the coming days.
The market participants patiently waited for ADA to return the psychological level of $ 1, as he slipped below it in the first week of March 2025.
Nevertheless, the volatility of the market and price fluctuations retained the cost of the coin below this critical level.
With this renewable interest on the part of the ADA ADA investors, he could probably restore another rise supported by ecosystem moods.
For example, a surge of trading volume, has currently decreased by 1.39% to 582.18 million dollars. USA, can help raise the target prices.
Investors on Binance, Bitget, Gate.io and Bybit are surpassed.
Binance registered 23.55% of the total open interest from 232.20 million ADA worth $ 144.03 million. USA. This follows Bitget, which is 21.82% or 215.33 million dollars. USA in the amount of 133.46 million dollars. USA.
Gate.io and Bybit had 15.37% and 14.56%, respectively, which is $ 93.98 million. USA and 89.09 million dollars. USA, respectively.
Cardano Price: Bull technical attention in the spotlight
According to market data, the price of ADA increased by 3.33% to 0.6266 dollars over the past 24 hours.
Crypto Insight, an analytical platform on the network, emphasized April technical analysis of Cardano. The diagram teases a potential bull tendency.
According to the indicators, a breakthrough is likely, if Cardano Price can find support from above $ 0.60, supported by a 20-day sliding average, and resistance of $ 0.65.
The diagram also indicates that the price forms a higher level. This trend signals that Cardano buyers are becoming more aggressive and optimistic regarding its future prospects.
Analysts predict that ADA owners must control the range of $ 0.70 to $ 0.75, since growth in this range can raise a coin above.
It is noteworthy that ADA Bulls should support the impetus above the key resistance in the amount of $ 0.73.
Ada has decreased from $ 0.77 over the last week of March and since then has not checked the zone. Rather, he fell to $ 0.5165 before publishing his current rebound in the cryptography market.
Cardano 2025 Offer and exposure to Voltaire’s era
In other Cardano news, the key foundations of the blockchain also support the bull forecast for the ADA. Among them, the Cardano 2025 proposal is noteworthy, which is now alive.
This proposal gives an idea of what is preceded by ADA, and how the future will depend on research and innovation in order to remain competitive in a wider digital currency space.
It focuses on improving scalability using an updated version of its consensus protocol, known as Uryoboros Leios.
Kardano plans full decisions on the government, shift. The community will soon control the decisions adopted on the network, which can attract more investors to the blockchain.
In addition, the last phase of the Cardano roadmap, the Voltaire era, can help make the ecosystem self -support in terms of development financing.
