Cardano price surges 10% as trading volume jumps over 340% 

Cardano price was trading at $0.2718 with an intraday gain of 10.9%. The trading volume has increased by roughly 344% to $1.03B in a day. Open Interest in Cardano (ADA) has increased by roughly 30% in a day, which shows traders’ growing interest. The funding rate was negative earlier but has turned positive to 0.015%, which shows that long positions are getting dominant in the market. Cardano price is holding near its daily high with rising volume, open interest and positive funding, which shows buyers remain firmly in control and ADA could stay bullish ahead. Our bias should be bullish until the funding rate and OI start decreasing.