In this ongoing market recovery, most of the top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have experienced a significant upside move. Whereas, the Proof-of-stake (PoS) blockchain Cardano (ADA) remains dull compared to the top 10 assets by market capitalization.
ADA open interest declines by 8%
With its decent performance, ADA looks bearish. At number 10 with a market capitalization of over $11.63 billion, it is currently trading near $0.324 and has experienced a price drop of 2% in the last 24 hours. Meanwhile, ADA’s trading volume also dropped by 37% during the same period.
At the same time, its open interest (OI) also dropped by 8%, which signals lower interest from traders and investors, according to an on-chain analytic firm CoinGlass.
ADA price prediction
According to expert technical analysis, ADA is at a crucial support $0.321 level in a 4-hour time frame. If it gives a breakdown of this level and…
