Cardano (ADA) shows bullish indicators as technical analyses suggest a price target around $1.25, marking a potential gain of 38%. The ADA price is currently within a symmetrical triangle, requiring a close above $0.925 to continue its upward trend. Additionally, a cup-and-handle pattern indicates a breakout could push the price to $1.20 if it surpasses the neckline at $0.96. Furthermore, Cardano's open interest in futures markets has surged to an all-time high of $1.95 billion, indicating strong speculative interest. This increase in open interest, which rose 22% in just 12 days, tends to precede significant price movements, underscoring confidence in ADA's upward trajectory. Analysts believe that if resistance levels around $1 are convincingly broken, ADA could ultimately surge towards $2 or higher. Readers are advised to conduct their own research before making investment decisions, as all investments carry risks.

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