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Crypto

Cardano Surges on Dijkstra Phase Entry

Guavy AI Editorial Team
Instruments
ADA
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Cardano's ADA token has surged 18% in the past week following its shift into the Dijkstra development phase after completing the Van Rossem upgrade.

This news sparked a bullish momentum, with Open Interest rising 40% despite fewer ADA holders, indicating strong speculative interest and whale activity.

Technical indicators show a bullish swing structure since early July, with key support at $0.18-$0.19 and resistance expected at $0.23-$0.25.

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