ADA Price Eyes $1.15 After Record OI; RSI Overbought
Cardano’s ADA has rallied from $0.5154 to break above $0.9382 on the daily chart. Open Interest in ADA futures reached a record $1.82 billion, driven by strong institutional flows. Key liquidity clusters sit around $1.15, marking the next resistance. However, the daily Stochastic RSI is overbought and CryptoQuant’s 90-day Cumulative Volume Delta signals profit-taking. A decisive break above $1.15 would confirm a sustained bullish breakout. Failure to absorb selling pressure could trigger a short-term pullback. Traders should monitor ADA price action, liquidity zones, and momentum indicators to gauge potential continuation or reversal.
Neutral
Record futures Open Interest and a break above key resistance underscore bullish momentum and institutional conviction in ADA. However, an overbought Stochastic RSI and negative Cumulative Volume Delta suggest profit-taking risks. In the short term, ADA may consolidate or pull back; a clear move above $1.15 would confirm a sustained upswing. Mixed signals lead to a neutral outlook.