đ Prediction (ADA and TON):
đ ADA/USDT - According to Coinglass, the open interest in #Cardano futures has increased by 21% over the past week, now totaling $191 million. This on-chain metric reflects the total number of currently open contracts for various derivatives, such as options and futures. Its growth indicates an increasing number of market participants entering new positions. Forecast: Momentum technical indicators on the daily chart reflect growing buying pressure. The Chaikin Money Flow (CMF) indicator shows a positive value of 0.11. This metric measures the flow of money into and out of an asset. Negative values indicate that sellers have the upper hand and liquidity is leaving the asset, while positive values suggest that buyers are exerting more pressure on the price. An inflow of money into the coin is often associated with increasing demand and a potential price rise. Additionally, the current Relative Strength Index (RSI) is at 58.24, indicating buyers are dominating sellers. If the trend continues, Cardano could retest the two-month high of $0.40. However, if traders start taking profits and the trend reverses, #ADA could drop by 27% to reach $0.27.
đ TON/USDT - At present, technical indicators point to a strong bullish sentiment. The Moving Average Convergence Divergence (MACD) indicator shows that the MACD line (blue) is above the signal line (orange) and close to a bullish crossover of the zero line. This suggests increasing buying activity and the potential continuation of TON's upward trend. Additionally, a MACD breakout above the zero line further strengthens this trend. If buying pressure continues, the price could rise by 5% to $6.93. In the event of a further rally, the next target would be $7.52. However, if market sentiment turns pessimistic, the bullish forecast will become irrelevant, and #TON may drop to $6.51.
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