Cardano Price Prediction: ADA Breaks Out As Grayscale Lifts Exposure To 18.33%

• ADA derivatives volume surged 129.80% to $917.34M and open interest climbed 6.94% as price broke above a descending triangle held since February
• Grayscale raised ADA’s weight to 18.33% in its smart contract fund on May 7, keeping it third behind Solana and Ethereum
• Retail longs are piling in at a 2.37 ratio on Binance while shorts build positions above price ahead of Thursday’s CLARITY Act vote

Cardano trades at $0.2777 on May 11, fading after tagging $0.2829 intraday, one session after breaking a three-month descending triangle that had compressed price since February while Grayscale quietly raised its ADA allocation to 18.33%.

ADA Daily Chart: Triangle Breakout Stalls at the 100 EMA

From February through late April, ADA ground inside a descending triangle with lower highs pushing toward rising support near $0…

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