🚀 Cardano ADA: Is the rally just beginning? 📈
ADA has increased by 88% from November 18 to December 3, reaching $1.33, the highest level in almost 3 years! 🎉 This growth is accompanied by enthusiastic demand for futures and open interest, making the current situation extremely interesting. 🔥
👉 However, despite the record demand, there are concerns in the market about a possible sell-off. 📉 Open interest in ADA futures has reached $1.2 billion — a sign of significant liquidity, but one should not forget about the risk of cascading liquidations. ⚠️
🧐 What should traders consider?
1. The ADA futures premium is 17% — a healthy figure for a bull market. 📊
2. The funding rate for perpetual futures peaked at 6%, but then dropped to 2.2%. This indicates balanced demand and the absence of excessive risk. 🔄
💡 What’s next? Despite the rise, there is no immediate risk of a drop. ADA may continue its growth if the demand for smart contracts on the network increases. 🔝
🔮 Cardano may be ready for further growth! Keep an eye on the market and make informed decisions! 📉📈
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