Cardano (ADA) Price Nears $0.99 as $100M Shorts Face Liquidation Risk
- Over $109M in ADA shorts face liquidation if the price hits $0.99.
- Liquidation clusters across Binance, OKX, and Bybit raise squeeze potential.
- A breakout above $0.90 could spark a short squeeze and push ADA past $1.
Cardano is approaching a make-or-break price level, and short sellers are sweating. Data from @TapTools reveals that over $109 million in short positions could be liquidated if ADA climbs to $0.99. At the moment, the token trades around $0.873—uncomfortably close to that danger zone. A move past this level could spark chaos for shorts and potentially light a fire under ADA’s next rally.
Cardano ADA Short Liquidation Levels Across Major Exchanges
The liquidation risk isn’t isolated to one platform. Positions are stacked across multiple major exchanges, setting up the possibility of a domino effect:
- Binance: 164.51K
- OKX: 55.17K
- Bybit: 126.57K
When shorts get squeezed, they’re forced to buy back into the market, and that sudden wave of demand often pushes prices even higher. With positions spread this widely, Cardano’s next push could trigger a cascading effect across the market.
Will Cardano ADA Trigger a Short Squeeze Rally Above $1?
If ADA can break through $0.90 with strong trading volume, a run to $0.99 comes sharply into focus. Crossing that threshold would activate the liquidation trap, creating buying pressure that might send Cardano surging above the key $1 psychological barrier.
These liquidation-driven rallies often unfold in a flash—catching traders off guard and fueling even more volatility. With the broader crypto market heating up again, ADA is shaping up to be a serious contender for the next big altcoin breakout.
The post Cardano (ADA) Price Nears $0.99 as $100M Shorts Face Liquidation Risk first appeared on BlockNews.
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Cardano Prepares for Another Push Toward $1
Cardano (ADA) Price Nears $0.99 as $100M Shorts Face Liquidation Risk
- Over $109M in ADA shorts face liquidation if the price hits $0.99.
- Liquidation clusters across Binance, OKX, and Bybit raise squeeze potential.
- A breakout above $0.90 could spark a short squeeze and push ADA past $1.
Cardano is approaching a make-or-break price level, and short sellers are sweating. Data from @TapTools reveals that over $109 million in short positions could be liquidated if ADA climbs to $0.99. At the moment, the token trades around $0.873—uncomfortably close to that danger zone. A move past this level could spark chaos for shorts and potentially light a fire under ADA’s next rally.
Cardano ADA Short Liquidation Levels Across Major Exchanges
The liquidation risk isn’t isolated to one platform. Positions are stacked across multiple major exchanges, setting up the possibility of a domino effect:
- Binance: 164.51K
- OKX: 55.17K
- Bybit: 126.57K
When shorts get squeezed, they’re forced to buy back into the market, and that sudden wave of demand often pushes prices even higher. With positions spread this widely, Cardano’s next push could trigger a cascading effect across the market.
Will Cardano ADA Trigger a Short Squeeze Rally Above $1?
If ADA can break through $0.90 with strong trading volume, a run to $0.99 comes sharply into focus. Crossing that threshold would activate the liquidation trap, creating buying pressure that might send Cardano surging above the key $1 psychological barrier.
These liquidation-driven rallies often unfold in a flash—catching traders off guard and fueling even more volatility. With the broader crypto market heating up again, ADA is shaping up to be a serious contender for the next big altcoin breakout.
The post Cardano (ADA) Price Nears $0.99 as $100M Shorts Face Liquidation Risk first appeared on BlockNews.
Read More