{"content":"🚀 Cardano Gears Up — Will ADA Ride Bitcoin’s Surge to New Highs? Cardano price comes out of a falling wedge, suggesting a bullish turn. ADA derivatives statistics indicate increased open interest and long holdings, indicating investor optimism. Tech shows bulls will attempt $0.73 barrier to continue the surge. After breaking out of a falling wedge formation the day before, Cardano (ADA) stabilizes around $0.62 on Thursday. This bullish breakthrough occurs as Bitcoin (BTC) hits fresh highs, boosting ADA and the cryptocurrency market. Derivatives data indicate rising ADA open interest (OI) and bullish trader bets, indicating investor confidence. Technical indicators also support a surge toward $0.73. Cardano derivatives statistics are optimistic. CoinGlass derivatives for Cardano are optimistic. Over the previous 24 hours, ADA open interest rose 13.66% to $970.59 million. OI increases indicate fresh money entering the market and purchasing, which might accelerate the ADA price surge. The growing confidence in Cardano has caused roughly $4.10 million in liquidations in the previous 24 hours, including $3.8 million in short holdings. The long-to-short ratio for ADA is 1.03 on Thursday after large short holdings were erased. More traders are betting on asset price rallies, therefore this ratio is over one. Prediction: Cardano breaches bullish reversal pattern Cardano price breached the falling wedge pattern's upper resistance trendline on Wednesday. Multiple highs and lows are connected by two early May trendlines to make this pattern. It trades marginally lower after retesting its 50-day Exponential Moving Average (EMA) at $0.62 on Thursday. ADA might rise to its June 11 high of $0.73 if it closes above its 50-day EMA at $0.62 daily. ADA might fall to Tuesday's low at $0.57 if it corrects and closes below $0.60, the daily support level. #ADA #BTCBreaksATH #TrumpTariffs $ADA ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/10/cd94baca88b74da39368b6ab20e7cb76.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}