Cardano jumps by 92 % in the controversy – the effect on the price of ADA? star-news.press/wp

Main meals

Cardano trading activity is increasing, with strong, clear ups in both work data and derivatives. Although the controversy has closed online, it did not slow the Ada gathering. However, technical indicators indicate that the original may face a short -term correction soon.

Cardano (ADA) returned to the spotlight, with an amazing increase of 92 % in the trading volume, which led to a new interest.

The height comes amid controversy, which prompted the founder Charles Hoskinson to respond to critics. With an increase in activity, the question now is whether this momentum represents the beginning of a continuous revival or just a transient mutation.

Data hints derived from bias climbing

Cardano’s derivative market shows signs of strong upscale activity.

Source: Coinglass

ADA’s futures trading increased by 92.42 % to $ 4.53 billion, while open interest (OI) increased by 12.06 % to $ 1.45 billion, at the time of the press. This indicates strong capital flows and increased confidence among merchants.

The financing rates have risen to 0.0285, which enhances the bullish bias in the market.

On Binance, ADA/USDT traders offered a long/short percentage of approximately 3: 1, indicating long dominant functions and increasing expectations for more upward trend.

Source: Coinalyze

OI crossed the combined graph 700 million before stability, indicating a high speculation activity. This indicates an increase in optimism, even with the cooling of options data, which hints to the trend instead of hedging.

Fraud accusations

The increase in ADA activity comes in the middle A new wave of controversy, Through an email message accusing an employee linked to Cracano to enable fraud in online tours.

One of the users, Robin Ingruj, claimed that it was deception due to a fake commercial withdrawal, so that he claims that “your company allows and supported theft.”

Source: x

But Charles Hoskinson was not. He fired again at the Public X -function, saying,

“Does he apologize for accusing me falsely of stealing money from him?

The drama did not slow down the market momentum. If there is anything, it is intense attention.

Is ADA high?

At the time of writing this report, the price of Cardano rose to $ 0.86 with a daily profit by 4.6 %, which extended to a sharp rise that started earlier this month.

Read RSI 82.17, ADA firmly put in the peak area of purchase; It is usually noting that the slowdown may be soon.

Source: TradingView

Meanwhile, MACD showed a strong bullish momentum, climbing both the MACD line and the signal line steadily.

The size remains high, support the assembly. However, ADA may be due to a short -term decline before any constant outbreak.