$ADA Short Liquidation! $50.6K Cleared at $0.973!

Cardano (ADA) just delivered a blow to bearish traders, with a $50.6K short position liquidated as the price surged to $0.973.

This spike signals growing bullish momentum, likely fueled by increased buying pressure and market optimism.

Such short squeezes can accelerate price rallies as traders rush to cover positions.

What’s Next for $ADA ?

Bullish Scenario: A sustained push above $0.975 could see ADA challenge the psychological $1.00 mark, with further upside toward $1.05-$1.10 if momentum continues.

Bearish Pullback:

If ADA fails to hold $0.97, watch for a potential dip to $0.95-$0.96, which could act as a strong support zone.

Eyes on $ADA ’s volume and market sentiment—this could be the beginning of a stronger rally if bulls maintain control!

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