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Crypto

Cardano Extends Recovery as Bullish Sentiment Grows Among Traders

Guavy AI Editorial Team
Instruments
ADA
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Cardano (ADA) has continued its recovery, trading above $0.210 on Friday after finding support around a key zone earlier in the week.

The improving derivatives positioning and technical indicators suggest growing bullish sentiment among ADA traders.

Derivatives data shows a clear bullish bias, with CoinGlass' long-to-short ratios for ADA reading 1.15 on Friday - the highest level over a month.

A ratio above one indicates bullish sentiment, as traders bet asset prices will rise.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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