After breaking through above $0.26, it was supported by the increase in open positions and rising liquidation pressures. The market continues to focus on $0.30.
Online activity remains above average, but on-chain activity has cooled down, and the DeFi activities are sluggish, resulting in this round of gains lacking confirmation.
Cardano ( ADA ) has continued to gain momentum after breaking through the key $0.26 level, and the token is currently trading around $0.27. The latest trend has strengthened the bullish outlook as buying pressure has increased, and open interest contracts are also on the rise. At the same time, increased leverage and liquidations have brought about volatility; however, on-chain activity has not yet accelerated. As ADA approaches the next major resistance area near $0.30, the market is watching to see if this breakthrough can continue further.
ADA Prices are rising, 0.30 USD comes into view.
Unclosed contracts have rebounded to around $300 million, while Chainkin Money Flow ( CMF ) has risen to about 0.19, indicating stronger buying pressure. If ADA can hold the $0.26 to $0.27 range, the next major resistance level is around $0.30 to $0.31, which was previously a strong resistance area. If it can continue to break through $0.30, that would enhance the bullish outlook; if it is rejected, prices may fall below $0.26, weakening the breakout structure. In that case, the $0.23 to $0.24 support area will once again come into focus.
Liquidation may drive the next step towards $0.28
Recently, the rise in Cardano has also been supported by changes in derivative positions. The clearing chart of ADA shows that short positions above the current price are increasing, particularly concentrated in the range of $0.277 to $0.28. If the price continues to break through this range, it may force bearish traders to close their positions, thereby bringing further buying pressure to the upward trend.
At the same time, the clearing chart shows that the long liquidation risk below $0.26 is also on the rise. This makes the range from $0.26 to $0.28 particularly crucial for ADA in the short term. If it breaks through $0.28, it may strengthen the bullish momentum and bring the $0.30 resistance zone back into focus. Additionally, if there is a rejection and it falls below $0.26, it could trigger a wave of long liquidation, weakening the current breakout.
On-chain activities show mixed confirmation signals
The on-chain activities of Cardano have improved, but they have not seen a strong acceleration like the price of ADA. Currently, there are about 14,600 active addresses, which is still higher than most of the baselines from September, but significantly lower than the recent peak of over 20,000. This indicates that network participation is still healthy, however, the latest price increase has not yet been matched by a surge in user activity.
This deviation is important for the price prospects of Cardano. If the number of active addresses, transactions, and DeFi activities continues to increase, it will provide stronger fundamental support for this round of breakthroughs. For now, the on-chain data supports a cautiously bullish view, rather than confirming a comprehensive rise in network demand.
Cardano ( ADA ) What will happen next with the rising prices?
The main trend for the next step is likely to depend on whether the current technological breakthrough can gain confirmation from derivatives and on-chain activities. If it can consistently remain above $0.28, that would be the most definitive bullish catalyst in the near term, especially with an increase in short liquidations, a continued rise in open interest, and no signs of excessive leverage. In addition, a rebound in active addresses, transactions, and DeFi activity could also strengthen the fundamental logic for ADA to rise to $0.30.
