Cardano Price Prediction: ADA toTarget $1 Amid User Activity, TVL Surge?
The post Cardano Price Prediction: ADA toTarget $1 Amid User Activity, TVL Surge? appeared on BitcoinEthereumNews.com. Key Insights: Cardano price prediction now targets $1 after key breakout signals ADA leads all Proof-of-Stake tokens with over 4M interactions in 24 hours Cardano’s TVL grows 7.76% weekly; price eyes $0.81 to $0.98 next Cardano (ADA) is attempting a comeback after weeks of sideways chop near the 50-cent mark, currently hovering near $0.72. The move has brought it close to a descending trendline that’s capped all major rallies since March. While cardano price prediction models suggest a bullish setup, not everything beneath the surface is as bullish. Bullish Sentiment Dominates Derivatives, But Is It Overheating? According to TapTools, 70% of ADA traders on Hyperliquid are currently long, while only 30% are short. This is a significant imbalance and reflects extremely bullish trader positioning. High long ratios like this can be a double-edged sword; they often appear before strong breakouts, but they also increase the risk of long liquidations if the price turns against the crowd. Bullish sentiment intact for ADA- Source: TapTools However, if the prices go through, the short positions (even the 30%) can get liquidated. That would mean a more aggressive path forward for the price. Exchanges like Hyperliquid track long/short trader ratios, which show how many open positions are betting on upside versus downside. In ADA’s case, the majority are clearly expecting a rally. If the Cardano price continues rising, it may trigger a short squeeze. But if rejection occurs near $0.77, a key resistance, longs may be forced to unwind, pushing the price down sharply. On-Chain and Social Trends Still Favor ADA Bulls Despite the technical divergence, ADA is flashing strength in broader metrics. Cardano’s Total Value Locked (TVL) grew 7.76% in the past 7 days, according to ChainBroker, placing it among the top 10 public chains for DeFi activity. Cardano’s TVL growth- Source: Chain…
The post Cardano Price Prediction: ADA toTarget $1 Amid User Activity, TVL Surge? appeared on BitcoinEthereumNews.com.
Key Insights: Cardano price prediction now targets $1 after key breakout signals ADA leads all Proof-of-Stake tokens with over 4M interactions in 24 hours Cardano’s TVL grows 7.76% weekly; price eyes $0.81 to $0.98 next Cardano (ADA) is attempting a comeback after weeks of sideways chop near the 50-cent mark, currently hovering near $0.72. The move has brought it close to a descending trendline that’s capped all major rallies since March. While cardano price prediction models suggest a bullish setup, not everything beneath the surface is as bullish. Bullish Sentiment Dominates Derivatives, But Is It Overheating? According to TapTools, 70% of ADA traders on Hyperliquid are currently long, while only 30% are short. This is a significant imbalance and reflects extremely bullish trader positioning. High long ratios like this can be a double-edged sword; they often appear before strong breakouts, but they also increase the risk of long liquidations if the price turns against the crowd. Bullish sentiment intact for ADA- Source: TapTools However, if the prices go through, the short positions (even the 30%) can get liquidated. That would mean a more aggressive path forward for the price. Exchanges like Hyperliquid track long/short trader ratios, which show how many open positions are betting on upside versus downside. In ADA’s case, the majority are clearly expecting a rally. If the Cardano price continues rising, it may trigger a short squeeze. But if rejection occurs near $0.77, a key resistance, longs may be forced to unwind, pushing the price down sharply. On-Chain and Social Trends Still Favor ADA Bulls Despite the technical divergence, ADA is flashing strength in broader metrics. Cardano’s Total Value Locked (TVL) grew 7.76% in the past 7 days, according to ChainBroker, placing it among the top 10 public chains for DeFi activity. Cardano’s TVL growth- Source: Chain…
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