Cardano’s Price on the Rise: Is a Breakout Coming?

Cardano (ADA) is capturing attention as crypto market volatility continues. A surge in open interest, a key metric tracking futures and options contracts, suggests growing trader activity, potentially signaling an impending price breakout. 2023 research from the Journal of Risk and Financial Management highlights that higher open interest often precedes bullish altcoin trends, with Cardano possibly on the verge of joining this list.