Binance-Peg Cardano Token price

Key Insights: Cardano price prediction now targets $1 after key breakout signals ADA leads all Proof-of-Stake tokens with over 4M interactions in 24 hours Cardano’s TVL grows 7.76% weekly; price eyes $0.81 to $0.98 next Cardano (ADA) is attempting a comeback after weeks of sideways chop near the 50-cent mark, currently hovering near $0.72. The move has brought it close to a descending trendline that’s capped all major rallies since March. While cardano price prediction models suggest a bullish setup, not everything beneath the surface is as bullish. Bullish Sentiment Dominates Derivatives, But Is It Overheating? According to TapTools, 70% of ADA traders on Hyperliquid are currently long, while only 30% are short. This is a significant imbalance and reflects extremely bullish trader positioning. High long ratios like this can be a double-edged sword; they often appear before strong breakouts, but they also increase the risk of long liquidations if the price turns against the crowd. Bullish sentiment intact for ADA- Source: TapTools However, if the prices go through, the short positions (even the 30%) can get liquidated. That would mean a more aggressive path forward for the price. Exchanges like Hyperliquid track long/short trader ratios, which show how many open positions are betting on upside versus downside. In ADA’s case, the majority are clearly expecting a rally. If the Cardano price continues rising, it may trigger a short squeeze. But if rejection occurs near $0.77, a key resistance, longs may be forced to unwind, pushing the price down sharply. Despite the technical divergence, ADA is flashing strength in broader metrics. Cardano’s Total Value Locked (TVL) grew 7.76% in the past 7 days, according to ChainBroker, placing it among the top 10 public chains for DeFi activity. Cardano’s TVL growth- Source: Chain Broker TVL tracks the value of crypto assets locked inside Cardano-based protocols: a rise here typically suggests increased ecosystem usage and capital inflow. ADA is also leading in engagement. It ranked #1 among Proof-of-Stake tokens over the past 24 hours with 4.05 million interactions, far ahead of peers like TIA and ALGO. High engagement scores reflect social interest and community activity, often preceding price runs. ADA’s growing popularity- Source: Satoshi Talks Meanwhile, prominent traders like CryptoBullet have highlighted ADA’s large multi-month triangle breakout setup, with a potential upside target of $1.60 if the breakout confirms. Cardano price prediction and divergence- Source: TradingView The Cardano price prediction involving $1.60 looks possible, as indicators suggest that $1 is definitely on the cards. Cardano Price Prediction: Resistance Levels, Triangle Breakout, and Invalidation ADA’s price is currently testing the upper boundary of its descending triangle pattern, with resistance levels at $0.7769, $0.8102, and $0.8645. A clean daily close above $0.81 could trigger the next wave toward the $0.98 zone and beyond. A closer look at the Relative Strength Index (RSI) reveals early-stage hidden bearish divergence; price has formed a same-level low, while the RSI is making a lower low. This usually signals that momentum is weakening even as the price moves. RSI measures the speed and strength of price movement, and divergence like this often warns of a pullback or failed breakout. The next few candles will be key. Unless RSI breaks higher or volume steps in, ADA could get rejected again near the $0.77–$0.81 resistance cluster. Cardano price prediction and divergence- Source: TradingView But invalidation is clear: if price gets rejected and closes below $0.689, and RSI continues diverging downward, the breakout structure would fail. The support zone at $0.51–$0.52 becomes critical in that scenario. For now, ADA bulls have the edge, but they must flip $0.81 cleanly or risk losing momentum again. The post Cardano Price Prediction: ADA toTarget $1 Amid User Activity, TVL Surge? appeared first on The Coin Republic.

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so has the chain with the 🐻 logo become CT's consensus hedge play?

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