Cardano (ADA) has rebounded to 0.69 USD after holding above its support level at 0.65 USD, implying bullish momentum. The increase in open interest reveals heightened trader interest, while uncertainty surrounding US tariffs contributes to an unsettled market.
Despite bullish signals from the SuperTrend indicator, the decline in Cardano’s DeFi Total Value Locked to 317 million USD raises concerns for traders. The Moving Average Convergence Divergence (MACD) has shown a bearish sentiment, signaling to tread cautiously in the upcoming trading days.
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