Overview
- Cardano fell about 5%–6% to roughly $0.25 after broad profit‑taking tied to U.S.–Iran ceasefire headlines, and about $545,000 in ADA long futures were closed out over 24 hours.
- Derivatives positioning shows a sellers’ edge with open interest near $412 million, a long‑to‑short ratio around 0.84, and a funding rate that turned negative as traders pay to hold shorts.
- Price sits below the 50‑, 100‑ and 200‑day exponential moving averages, with support near $0.24 and the 50‑day average around $0.267–$0.268 seen as the level to flip the short‑term trend.
- On‑chain use keeps rising as blockchain explorer Cexplorer confirmed Cardano mainnet transactions have surpassed 120 million in total.
- Large holders are buying the dip, with wallets holding at least 10 million ADA rising to 424, a four‑month high and a 5.2% increase over nine weeks.