Cardano ADA Breaks Ascending Triangle Support

Cardano's price is drawing attention again as it navigates through an ascending triangle. After breaking out of a descending channel, ADA is now trading near the support side of this new pattern.

The coin has been climbing since clearing its prior bearish structure and has seen interest from traders due to the indecision at this stage of the pattern.

With open interest at $461.19 million, there's a moderate amount of leverage in play, leaving some breathing room before the market gets overheated in either direction.