Cardano's price pulled back by 1.85% to $0.1859 on August 3, after its breakout from a weeks-long ascending triangle.
The measured move target is at $0.2243, representing a 40.92% increase from the Parabolic SAR level of $0.1553.
Derivatives volume surged by 49.92% to $799.59M, with shorts taking $2.01M of the $2.45M in 24-hour liquidations following the breakout.
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