Cardano holds near $0.204 as traders keep betting on a rebound
- —ADA at $0.204, up 0.28% on the day but down 21% over the month
- —Long/short account ratio at 1.82 on Binance and 2.48 on OKX
- —Funding rate positive, with longs paying shorts to hold positions
- —A break below $0.20 opens the $0.19 area; reclaiming $0.21–0.213 would be the first sign of recovery
Why it matters: Trader positioning diverges from the price trend, so a loss of $0.20 could trigger a wave of long liquidations.
Source: Cryptonews.net