🚨⚡ ADA ON THE RISE: SHORT LIQUIDATIONS AND OPEN INTEREST SOARING! 👁️📈
Cardano’s recent rally has been driven not only by technological developments, but also by intense activity in the futures market:
1️⃣ $1.29M Short Squeeze: Of the $1.38 million in liquidations over 24 hours, the overwhelming majority came from short positions being forced to close.
2️⃣ Open Interest Rising: Open interest in futures rose 11%, reaching around $587 million.
3️⃣ Global Market Support: With Bitcoin flirting with $87,000 and the Altcoin Season Index at 61 points, risk appetite continues to grow.
💬 Trading Summary: The break above the 200-period EMA is generating technical optimism, but keep an eye on key support at $0.239 if the structure is retested.
📌 What’s your price target for ADA this quarter? Comment below! 👇
👉 Follow the account and turn on notifications to track the market in real time! 🚀🔔
$ADA
#Write2Earn!
#BinanceSquare
#ADA
#CryptoNews
#TradingStrategy
Cardano’s recent rally has been driven not only by technological developments, but also by intense activity in the futures market:
1️⃣ $1.29M Short Squeeze: Of the $1.38 million in liquidations over 24 hours, the overwhelming majority came from short positions being forced to close.
2️⃣ Open Interest Rising: Open interest in futures rose 11%, reaching around $587 million.
3️⃣ Global Market Support: With Bitcoin flirting with $87,000 and the Altcoin Season Index at 61 points, risk appetite continues to grow.
💬 Trading Summary: The break above the 200-period EMA is generating technical optimism, but keep an eye on key support at $0.239 if the structure is retested.
📌 What’s your price target for ADA this quarter? Comment below! 👇
👉 Follow the account and turn on notifications to track the market in real time! 🚀🔔
$ADA
#Write2Earn!
#BinanceSquare
#ADA
#CryptoNews
#TradingStrategy
