Cardano Price Prediction: ADA Consolidates as Open Interest Hits $1.57 Billion

• ADA consolidates near $0.823, holding $0.80 support amid cautious trader sentiment.
• Break above $0.842 could target $0.878 and $0.906, signaling bullish momentum ahead.
• Institutional adoption and ETF inclusion may boost liquidity and trigger short-term rallies.

Cardano (ADA) continues to navigate a period of consolidation as it trades near $0.823. After a pullback from recent highs, ADA’s short-term outlook reflects caution among traders awaiting confirmation of its next major move. 

Market data shows that the cryptocurrency has entered a tightening range between $0.805 and $0.842, signaling indecision but also the potential for a rebound if buying momentum strengthens near current levels.

Technical Structure and Key Levels

The 4-hour chart indicates ADA remains below its 20, 50, and 100-period exponential moving averages (EMAs), pointing to short-term bear…

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