Cardano (ADA) struggles to surpass $0.90 at press time on Thursday following a positive week so far. The derivatives market data suggests increasing interest in Cardano as large wallet investors, also known as whales, extend their buying streak.
Cardano (ADA) ticks higher by over 7% at press time on Thursday, reclaiming the $0.80 mark and hitting a new over one-month high. Both the increasing bullish bets on Cardano and the ADA Open Interest crossing $1.40 billion reflect the upbeat sentiment among derivative traders.
Cardano (ADA) is trading near intraday highs on Monday, following a 44% increase from July 1. The smart contracts token holds above pivotal support at $0.70 while trading at around $0.74 at the time of writing.