Cardano Price Prediction: ADA Surges 7% After $0.277 Fibonacci Break On Hormuz Easing
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Cardano (ADA) surged 7% to $0.2897, breaking above the 0.382 Fibonacci at $0.2773; 4‑hour RSI 75.43 and strongest 4‑hour candle since February — strong momentum but overbought risk. Derivatives-led rally: open interest +16.62% to $504.22M, volume +88.26% to $852.48M, and $976.37K of short liquidations in 24 hours; ADA leading derivatives volume. Catalyst: risk-on rotation after Strait of Hormuz de‑escalation (two tankers passage), boosting altcoin trading and crypto adoption/flow across markets.
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- Cardano trades at $0.2897, up 7%, breaking above the 0.382 Fibonacci at $0.2773 as RSI reaches 75.43 on the 4-hour chart.
- Open interest surges 16.62% to $504.22M while volume jumps 88.26% to $852.48M, with shorts absorbing $976.37K in 24-hour liquidations.
- Two tankers sailed through the Strait of Hormuz on Sunday for the first time since the war began, triggering a broad risk-on rotation into altcoins.
Cardano trades at $0.2897, up 7%, breaking above the 0.382 Fibonacci retracement at $0.2773 as risk appetite returns across crypto markets. The move is part of a broader altcoin surge driven by the first signs of Hormuz de-escalation, with ADA leading on derivatives volume and posting its strongest 4-hour candle since February.
4-Hour Chart: Fibonacci Breakout With RSI In Overbought Territory
ADA has cleared the 0.3…
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