Markets· ★★· neutral·

Cardano reclaims $0.250 as derivatives sentiment improves

  • —ADA's long-to-short ratio rose to 1.004, just above the neutral threshold
  • —Funding rate turned positive and reached 0.0061%
  • —ADA trades above its 50-day EMA at $0.230, 100-day at $0.219 and 200-day at $0.241
  • —Immediate support sits at $0.245, with resistance at $0.299
Why it matters: Holding the $0.245 support would preserve ADA's recovery structure, but a push toward $0.299 requires stronger spot demand.
#ADA
Source: CoinJournal
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