Ambcrypto on Cardano's Bullish On-Chain Signals for ADA
Wednesday, 18 September 2024, 17:00
Ambcrypto Reports Cardano's Bullish Trends
The overall market sentiment is currently bearish, while Cardano [ADA] on-chain data, such as the Long/Short ratio, Futures Open Interest, and OI-Weighted Funding Rate are flashing bullish signals. This shift could indicate a potential buying opportunity for ADA as key indicators align.
Key On-Chain Metrics for Investors
- Long/Short Ratio: A crucial metric that highlights trader sentiment.
- Futures Open Interest: Shows the total number of outstanding contracts.
- OI-Weighted Funding Rate: Reflects the cost of holding open positions.
Understanding these indicators may provide investors valuable insights into upcoming price movements.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.