Cardano (ADA) Price Prediction For January 12

Quick Summary:

Following a prolonged price decline in the cryptocurrency market, the overall market is recovering, sparking a major rally in ADA and confirming the breakout.

Meanwhile, short sellers appear to be over-leveraged at the $1.02 mark, with $3.87 million worth of short positions.

However, traders seem to be continuously building new positions, resulting in open interest increasing by 9.89% in the past 24 hours.

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Article Details

Author / Journalist: Chandan Gupta

Category: Crypto

Markets: United States

Topics: Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-11 @ 21:44:16 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 25069969

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 19 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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