Cardano Futures Volume EXPLODES 27,000% on Bitmex! 🤯

This is not a drill. $ADA derivatives activity is screaming, with futures volume rocketing 27,631.45% to $47.64M in 24 hours. Open interest is ticking up too, signaling fresh money entering the derivatives arena. 💰

Despite this massive derivatives spike, $ADA price action is choppy, currently trading slightly down but holding gains weekly. It failed to hold the crucial daily MA 50 at $0.40 after a strong early January run.

If bulls can recapture that $0.40 level, the path opens to $0.65, with $1.00 as the ultimate moonshot target. Keep an eye on liquidity returning to the altcoin space.

#Cardano #ADA #CryptoGems #Derivatives

🚀

ADA
ADAUSDT
0.3476
-3.52%