CARDANO $ADA LIQUIDATION ALERT

$ADA (Cardano) just took down a massive $96.3K in short positions, with liquidations triggered at the key level of $0.800!

What Happened?

Bears betting against Cardano got caught in a short squeeze as the price surged past critical resistance at $0.800.

The move, likely fueled by renewed interest in Cardano's ecosystem, created a cascade of liquidations, amplifying bullish momentum.

Why This Is Big:

1️⃣ Psychological Breakthrough: The $0.800 mark is a pivotal level, and breaking it signals strength in ADA’s recovery trend.

2️⃣ Short Squeeze Dynamics: Liquidating $96.3K worth of shorts forced sellers to cover, fueling further upward pressure.

3️⃣ Cardano Fundamentals: With recent updates like Mithril’s rollout and increased DeFi activity on its blockchain, Cardano continues to build on its long-term narrative.

What’s Next for $ADA ?

Resistance to Watch: If the rally holds, $0.820-$0.850 could be the next test for bulls.

Volatility Alert: With more shorts likely trapped, prepare for rapid price movements as traders react to this breakout.

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