Cardano Price Prediction: ADA Tests Multi-Month Lows as Open Interest Drops & Outflows Continue
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Cardano's price dips to $0.2559, below major support levels, marking its lowest since late 2024. Despite bearish trends, open interest rose 0.27% to $410.27M, indicating potential position rebuilding. Spot outflows of $1.56M contribute to ongoing selling pressure as ADA tests the critical $0.25 zone.
- Cardano falls below all major EMAs, trading near $0.2559 after breaking multi-month support levels.
- Open interest rises 0.27% to $410.27M despite bearish price action, signaling position rebuilding at lower levels.
- Spot outflows of $1.56M on February 11 extend selling pressure as ADA tests the $0.25 psychological zone.
Cardano price today trades near $0.2559, down over 2% in the past 24 hours after breaking below the $0.26 support zone. The move places ADA at its lowest level since late 2024 as sellers maintain control across timeframes and all major moving averages turn into resistance.
Open Interest Ticks Higher Despite Breakdown
According to Coinglass, Cardano’s open interest increased 0.27% to $410.27M. The uptick appears counterintuitive given the bearish price action, but the data suggests traders are rebuildi…
Read The Full Article Cardano Price Prediction: ADA Tests Multi-Month Lows as Open Interest Drops & Outflows Continue On Coin Edition.
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$ 0.256
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In This News
Coins
$ 0.256
-2.58%Share:
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Cardano Price Prediction: ADA Tests Multi-Month Lows as Open Interest Drops & Outflows Continue
Share:
Cardano's price dips to $0.2559, below major support levels, marking its lowest since late 2024. Despite bearish trends, open interest rose 0.27% to $410.27M, indicating potential position rebuilding. Spot outflows of $1.56M contribute to ongoing selling pressure as ADA tests the critical $0.25 zone.
- Cardano falls below all major EMAs, trading near $0.2559 after breaking multi-month support levels.
- Open interest rises 0.27% to $410.27M despite bearish price action, signaling position rebuilding at lower levels.
- Spot outflows of $1.56M on February 11 extend selling pressure as ADA tests the $0.25 psychological zone.
Cardano price today trades near $0.2559, down over 2% in the past 24 hours after breaking below the $0.26 support zone. The move places ADA at its lowest level since late 2024 as sellers maintain control across timeframes and all major moving averages turn into resistance.
Open Interest Ticks Higher Despite Breakdown
According to Coinglass, Cardano’s open interest increased 0.27% to $410.27M. The uptick appears counterintuitive given the bearish price action, but the data suggests traders are rebuildi…
Read The Full Article Cardano Price Prediction: ADA Tests Multi-Month Lows as Open Interest Drops & Outflows Continue On Coin Edition.
In This News
Coins
$ 0.256
-2.58%Share:
In This News
Coins
$ 0.256
-2.58%Share:
Read More
LayerZero (ZRO) Price Prediction: Can LayerZero Clear $2.46 and Extend Rally?