Jakarta, Pintu News – In recent trading, Cardano (ADA) showed strong signals of continuing its positive trend. After successfully breaking out of a descending wedge pattern, ADA is now sitting at $0.89, breaking through important resistance at $0.86. Technical indicators and a bullish market structure add to the confidence that ADA could reach its next price target of $0.95.

Cardano (ADA) recently confirmed a breakout from a descending wedge pattern, which often signals a change in momentum after a long period of consolidation. This rise was supported by an increase in Open Interest (OI) in the futures market, which reached $1.78 billion, indicating significant fresh capital flows.
The Directional Movement Index (DMI) shows the dominance of buyers with the +DI standing at 32, well above the -DI at 6. The strengthening of the trend is also reinforced by the ADX reading of 31, signaling that the trend formed is not weak or temporary.
With the support of strong market conviction, there is great potential for ADA to continue to maintain its upward momentum. If ADA continues to hold above $0.86, it signals that buyers are still in control of the market structure.
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Aside from the bullish breakout, there was a surge in Open Interest (OI) of 6.51% to $1.78 billion. This surge shows that traders are increasingly confident in ADA’s ability to extend its gains. An increase in positions in derivatives indicates an increased risk appetite, which often precedes stronger market movements.
However, keep in mind that high OI can also increase volatility, creating sharper moves. In the next few days, ADA’s price action will determine whether this confidence can turn into sustained growth. Investors and traders should stay alert to the potential volatility that could arise from this increase in OI.

Net flows from spot exchanges showed a drawdown of $2.51 million, indicating that investors are likely to reduce their intention to sell. This pattern is usually a signal of an accumulation phase, where investors prefer to hold assets rather than sell them.
If this trend continues, it could provide critical support for ADA’s latest breakout. Constant monitoring of these net flows is important, as a change towards inflows could quickly change the short-term narrative. However, for now, this outflow trend adds evidence that ADA has market support to continue rising.

With various technical and market indicators in favor, Cardano (ADA) seems to have a solid foundation to continue moving up. While there are some risks to be aware of, such as potential volatility from high OI and long positions that may be too crowded, the overall current market structure favors a continuation of the bullish trend. Only time will tell if ADA can reach and pass the $0.95 target.
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