Cardano (ADA) has experienced a notable 4.81% price surge over the past week, driving speculation about its future performance. This upward momentum is fueled by growing anticipation for integration with Bitcoin, as well as increased investor interest as indicated by rising open interest. 986.66 million ADA were locked in open interest trading contracts within the last 24 hours, signifying a significant bullish bet on ADA’s rebound. While the coin has been battling to reclaim its $1 psychological level since slipping below it early in March, market volatility has hindered its climb. However, renewed investor interest through this surge in open interest could pave the way for another price jump, especially if trading volume rises. The Binance, Bitget, Gate.io, and Bybit exchanges have seen particularly large surges in open interest, with Binance holding the most at 23.55%. This positive trend is reflected in ADA’s price increase to $0.6266 over the last 24 hours. Crypto Insight, an on-chain analytical platform, highlights Cardano’s potential for a bullish trend with a breakout above $0.60 and resistance at $0.65 supported by the 20-day moving average. This higher low formation indicates growing aggressiveness among buyers, fueling further optimism. Analysts believe ADA needs to hold its ground above $0.70-$0.75 for significant price increases. The Cardano community is closely monitoring crucial technical indicators like these as they could shape the coin’s trajectory in the coming weeks. Additionally, Cardano 2025 proposal and the upcoming Voltaire era are expected to further bolster investor confidence in the long run, potentially attracting new investors to the network. While the future of ADA remains promising, its ability to sustain this positive momentum will depend on factors such as market sentiment, technological advancements, and the continued support from the Cardano community.