Cardano's open interest has remained static, fluctuating between $0.68 and $0.447, indicating a lack of speculative activity in the market. Despite this, buyers are aiming to drive the value higher, potentially breaking the $1 mark.

Bearish indicators such as Fibonacci and the 1-day RSI suggest a potential decrease in ADA's value. However, the CMF indicator suggests a possibility of buying pressure, especially after Cardano's attempt to breach the $0.52 resistance failed.

Altcoins, including ADA, are experiencing a resurgence, with ADA's price currently at $0.4529. Forecasts predict ADA could reach $0.97 or $0.64 by the end of 2024. The onset of AltSeason, expected in May 2024, indicates a shift in focus from BTC to altcoins, despite BTC's attempts at recovery.

ADA is eyeing the $0.52 resistance level again, with potential areas of interest at the 23.6% Fib extension level and $0.32 HTF level. Open interest has decreased, signaling a downward trend in demand in the spot market.

ADA's recent performance has been lackluster, with a 4.79% loss in the last seven days and a 23.14% loss in the last 30 days, though it remains among the top ten cryptocurrencies by market cap at $16.13 billion.