#ADA

Cardano Price Forecast:

ADA eyes short-term breakout amid soft US inflation.

Cardano rises by over 2% as prices across the cryptocurrency market react to softer than expected US inflation.

ADA holds above the 50 and 100 EMAs on the 4-hour chart, with bulls eyeing a short-term breakout above $0.42.

Retail interest in ADA remains low, as reflected by futures Open Interest declining to $742 million.