Cardano (ADA) kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus. CryptoQuant’s summary data points to a bullish outlook, as Cardano’s spot and futures markets show large whale orders, cooling conditions, and buy-side dominance. All these factors signal an improving sentiment among traders, hinting at a potential bullish breakout in the upcoming days. Additionally, Cardano’s funding rate data indicates a potential ... (full story)