Cardano logs $48 mln inflows – Is ADA 26% rally a bull trap?

Cardano recorded a $48 million liquidity inflow as Open Interest (OI) surged past $1 billion in the past day. However, liquidity cluster data hints that a bull trap may be forming.

Cardano [ADA] has continued its rally, gaining 2.87% in the past 24 hours and bringing its weekly rise to 26.86%.

However, this may not be a straightforward bullish continuation. While analysis shows that ADA has a clear path to new highs, underlying market activity suggests it could be a trap.