Cardano witnessed a liquidity inflow of 48 million USD and a 26% price increase in ADA over the week. Open Interest has risen to 1.21 billion USD; however, technical analysis indicates risks of a bull trap, with critical liquidity levels at 0.78 USD.
The Total Value Locked in Cardano’s protocols is currently at 333 million USD, reflecting growing investor confidence. Despite apparent bullish trends, caution is advised as liquidity clusters suggest possible price corrections ahead.
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