Cardano Open Interest Soars 14%, Is ADA Price to $1.2 Possible? - Coinspeaker

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### Key Notes* According to Coinglass, Cardano’s Open Interest spiked 14% in the past 24 hours, climbing to $2.14 billion.* The coin's price is currently pegged at $0.8575, following a 4.45% spike over the last 24 hours.* Analysts and market experts predict that the ADA price may hit $1.2 if the rally persists.All attention is on Cardano  ADA$0.8524h volatility:12.9%Market cap:$30.79 BVol. 24h:$2.65 B  price as the altcoin reaches new highs amid the broader crypto market recovery.The coin has successfully climbed by 58% from its June low and is now aiming to breach the $1 resistance should the rally persist. It is worth noting that this is the best run the 10th-largest crypto by market cap has had in months.## Cardano and Bullish Performance DataCardano’s Open Interest spiked 14% in the past 24 hours, climbing to $2.14 billion per Coinglass data. Similarly, Cardano price has surged past $0.85, amid the bullish sentiment that trickled down from the Bitcoin  BTC$120 27224h volatility:1.6%Market cap:$2.39 TVol. 24h:$50.63 B  blowout.Much of this improved sentiment is supported by solid technical moves and massive trading volumes.ADA is currently trading at $0.8575, following a 4.45% spike over the last 24 hours.This is the highest price ADA has reached in weeks, with a 17.29% gain over the past seven days. At this pace, a move toward $1 looks increasingly likely.![Cardano 7D Price Chart | Source: CoinMarketCap](https://img-cdn.gateio.im/social/moments-fce74e11b82325faccb055e0fd6abb37)Cardano 7D Price Chart | Source: CoinMarketCapIts market capitalization has now reached $30.35 billion, while the 24-hour trading volume of the coin is 53.31% higher, standing at $3.39 billion. With the over 50% trading volume spike, ADA has confidently cleared $0.83 resistance and now confronts the obstacle at $0.90-$0.92.While there are several catalysts propelling the ADA price at the moment, the passing of key legislation for digital assets in the United States has a significant role to play in its bullish outlook.The GENIUS and CLARITY Acts were passed by the US House on July 17, pushing cryptocurrencies, especially altcoins, towards higher price gains.## Snorter Bot Raises $1.7M and Counting in Breakout Crypto Presale of 2025Snorter Bot is quickly gaining traction as one of the best crypto presales of 2025 with its quirky aardvark theme and serious market potential. SNORT is riding the wave of renewed crypto momentum and investors are taking notice fast.The project uses smart data tools to deliver real-time insights and powerful trading features giving traders a sharp edge. Want to be the next crypto millionaire? The SNORT presale is live and moving fast.According to the official site the token price is set to increase in 24 hours. Now is the time to lock in early and let your investment start generating passive income.### Current Presale Stats**Current Price**: $0.0985**Amount Raised So Far**: $1.7 million**Ticker**: SNORTRelated article: Cardano Dethrones Ethereum and Solana in Crucial Metric. Where Is ADA Price Heading?**Operating Platform**: TelegramYou can buy SNORT using credit cards, debit cards, or crypto. Full details on Snorter Bot’s features are available directly on the presale page.nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.