EconomyCardano breakout could trigger an ADA squeeze or trap leveraged bulls

Cardano has risen about 42% since Sept. 16, with ADA briefly moving above $0.28 on Oct. 6 before being rejected. Open interest climbed to $304 million and funding turned positive, while DEX volume and whale activity increased as stablecoin supply fell. Holding $0.277-$0.28 could force out shorts; failure there would expose leveraged longs to liquidation.

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CCryptoSlate★★☆☆☆2026-10-07 09:00Original