Cardano’s price breakout could trigger the next ADA squeeze or trap leveraged bulls
Summary
ADA has risen about 42% since Sept. 16, reaching an intraday high above $0.28 before failing to hold the near-term breakout zone. Large transactions, open interest and DEX volume have increased, while funding turned positive, suggesting new leveraged positions and faster on-chain trading. However, Cardano’s stablecoin supply fell slightly to $66.8 million, leaving derivatives exposure high relative to available on-chain dollars. The rally’s durability may depend on ADA holding above $0.277–$0.28, stablecoin inflows and continued DEX activity; if price stalls while leverage remains elevated, long liquidations could deepen a decline.
