Cardano

bullish

Spot

<p>July has not been kind to ADA crypto, but Cardano’s performance is evolving independently of its price volatility. The recent surge in trading volume is clear evidence of this. With a 32% increase in derivative volume and a notable rise in spot markets, enthusiasm for ADA remains strong. Let’s take a closer look at what lies behind these impressive numbers.</p> 
<h2 id="h-a-crypto-that-takes-off-despite-the-storm">A crypto that takes off despite the storm</h2> 
<p>The world of cryptocurrencies is <strong>not a smooth journey</strong>, and Cardano (ADA) <a href="https://www.cointribune.com/en/crypto-cardano-is-set-to-surge-heres-why/" target="_blank" rel="noreferrer noopener">is no exception</a>. In 24 hours, <strong>the volume of this crypto’s derivatives exploded by 32.09%</strong>, reaching a staggering turnover of $457.71 million, according to <a href="https://www.coinglass.com/currencies/ADA" target="_blank" rel="noreferrer noopener">CoinGlass</a>.</p>
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  <img decoding="async" width="632" height="348" src="https://www.cointribune.com/app/uploads/2024/08/ANALYSE-DERIVES-CARDANO.png" alt="derives-ADA-Cardano" class="wp-image-714983" srcset="https://www.cointribune.com/app/uploads/2024/08/ANALYSE-DERIVES-CARDANO.png 632w, https://www.cointribune.com/app/uploads/2024/08/ANALYSE-DERIVES-CARDANO-300x165.png 300w" sizes="(max-width: 632px) 100vw, 632px">
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   Analysis of ADA crypto derivatives – Source: CoinGlass
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<p>Adding to this, there’s been a <strong>20% increase in spot markets</strong>, bringing the total trading volume to over $800 million.</p> 
<p>Not bad for a crypto that saw a 5% drop at the beginning of the week.</p>  
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ADAUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ADAUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
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  <a href="https://fr.tradingview.com/symbols/ADAUSD/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">ADAUSD chart</span></a> by TradingView
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<p>Despite this turbulence, Cardano found <strong>crucial support at $0.38</strong>, a level where rational traders seem to rush in.</p> 
<ul> 
 <li>Derivatives volume: $470.53 million;</li> 
 <li>Spot markets: $358 million;</li> 
 <li>Total market cap: $13.9 billion.</li> 
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<p>This momentum shows that despite the ups and downs, <a href="https://www.cointribune.com/en/here-is-why-cardano-will-soon-surpass-bitcoin/" target="_blank" rel="noreferrer noopener">interest in ADA remains solid</a>, and <strong>investors keep a close eye</strong> on this crypto with multiple strengths.</p> 
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<h2 id="h-cardano-ada-rock-solid-resilience">Cardano ADA: Rock-solid resilience</h2> 
<p>Cardano isn’t one to be easily beaten. After last week’s plunge, the crypto found refuge at $0.38, a critical support level.</p> 
<p>The burning question is whether <strong>ADA can maintain this course</strong> or if this support will turn into resistance.</p> 
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<p>For now, bullish Cardano traders can breathe a bit easier. According to CoinGlass data, “<em>the increased activity on Cardano is due to ADA’s price reaching a major support level.</em>“</p> 
<p>Investors now need to closely monitor these crucial levels to anticipate future movements of this crypto.</p>
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<p>Cardano demonstrates <a href="https://www.cointribune.com/en/crypto-cardano-ada-withstands-pressure-sales-slow-down/" target="_blank" rel="noreferrer noopener">a remarkable ability to withstand pressure</a>, proving that resilience is in its DNA. Sales are slowing, but enthusiasm remains palpable, a promising sign for the future of this crypto.</p>

Crypto: Cardano Soars With a Record Transaction Volume!

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