Cardano Volume Soars 92%: Why Investors Are Rotating Into ADA?
Cardano extended its bullish momentum on Thursday, gaining 5.98% to close at $0.8101 while breaking above the critical 200-day moving average for the first time since March.
ADA achieved its first daily close above the 200-day moving average since March, signaling potential trend reversal.
Open Interest jumped 12.06% to $1.45 billion while trade volume soared 92.42%, indicating strong institutional commitment.
Critical support at $0.76 must hold for bulls to target $0.9053 resistance and validate macro bullish breakout scenario.
CardanoADA$0.4024h volatility:4.2%Market cap:$14.73 BVol. 24h:$419.90 M
extended its bullish streak on Thursday, July 17, closing at $0.8101 with a strong 5.98% gain. The price surged past the critical 200-day moving average ($0.7476), forming its first daily close above that level since March. Volume jumped to $290.88 million, confirming renewed spot demand.
The rally was fueled in part by increased derivatives activity. According to market data, Cardano’s Open Interest spiked 12.06% in the past 24 hours, climbing to $1.45 billion. This sharp increase in leveraged exposure, without an equivalent surge in liquidations, suggests that bulls are confidently increasing positions rather than chasing liquidations or reacting to volatility.
Meanwhile, trade volume soared 92.42% to $4.53 billion, as investors rotated capital from low-volatility altcoins into Cardano.
Across major exchanges, new positions leaned bullish with Binance top traders accounts posting 2.7608 long/short ratio on the day. This concentration of long positions signals growing confidence in a sustained breakout.
Cardano Price Forecast: Will ADA Hold Above $0.76?
ADA is now testing its highest levels since March 2025, having decisively flipped the 200-day SMA into support. If bulls hold the line above $0.76, the next resistance lies at $0.9053. Breaching that level would validate a macro bullish reversal, potentially propelling ADA toward $1.00.
Cardano price forecast
Conversely, failure to maintain momentum could trigger a pullback toward $0.7476 or even $0.68. However, the consolidation above the golden cross region (50/200-day MA) and strong market interest surrounding Bitcoin’s BTC$95 36424h volatility:0.6%Market cap:$1.91 TVol. 24h:$21.66 B
all time high milestones this week suggest this rally may not be over yet.
Maintaining support above $0.76 could attract fresh capital as institutional and retail investors position ahead of the next macro leg up.
Best Wallet Presale Gains Traction as Cardano Rally Heats Up
As Cardano surges past key resistance levels, Best Wallet, a rising player in the crypto wallet space, is drawing investor interest with its presale.
Best Wallet Presale
The $BEST token is now in presale, offering early access to staking rewards, transaction fee discounts, and governance rights. With over $13.9 million raised, investors can still join before the next price increase.
Visit the official Best Wallet site to participate in the $BEST token presale and secure premium perks ahead of launch.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
