Cardano Quietly Building Pressure Before Massive Move? $ADA 🤫
Cardano $ADA is showing classic signs of a market reset after the recent leverage flush. Trading volumes have cratered nearly 38%, signaling low participation right now. However, open interest actually ticked up 0.25% to $794.54M, suggesting some quiet positioning is happening beneath the surface. This small OI rise after days of decline hints at a potential consolidation phase following the aggressive de-risking. The market cleared the noise, and now we watch the range. $ADA has been stuck between $0.33 and $0.483 since November. A decisive break above $0.483 could unleash the next leg targeting $0.65 (the 200-day MA). Keep an eye on Leios development and the pending SEC decision on the Grayscale spot ETF for fundamental catalysts.
#Cardano #ADA #CryptoAnalysis #MarketReset 🧐
