Cardano (ADA) Price: Token Climbs 11% to Test $0.28 Resistance

TLDR Cardano (ADA) rose 11% in 24 hours, trading between $0.24 and $0.27. The token now faces immediate resistance at $0.28 and strong resistance at $0.29. Open interest fell 11.68% during the rally, which points to a short squeeze. Stochastics at 93.46 and RSI at 69.66 show overbought conditions. Top traders remain 71.9% net long, [...]

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