Cardano ADA Surges Above Key Levels, Supported by RealFi Mainnet Launch
Cardano's ADA has been recovering in the crypto market after reclaiming the $0.2183 Fibonacci level and trading near $0.2210, holding above key daily EMAs.
The token recently bounced from the $0.19-$0.20 support zone and is now above several major daily moving averages, including the 20-day EMA at $0.2037 and the 100-day EMA at $0.1984.
Falling open interest to $492.44M signals deleveraging and weaker speculative demand, while persistent ADA outflows may indicate reduced selling liquidity that could be a sign of accumulation.