Overview
- ADA traded around $0.25–$0.29 after tagging lows near $0.26, pressing a historically significant support band at $0.24–$0.27.
- Binance futures open interest fell to $90.21 million, the lowest since November 2024, with a long-to-short ratio near 0.95 signaling bearish positioning.
- Technicals remain negative with RSI near oversold on daily charts and a bearish MACD crossover from Jan. 18, while price sits below key EMAs.
- Analysts warn that a breakdown could expose lower supports near $0.20, then $0.115 and $0.053, though a reclaim of ~$0.32 is viewed as the first step to stabilize.
- CME’s ADA futures launch on Feb. 9 is flagged as a possible catalyst, but coverage notes waning ETF support, including Grayscale dropping ADA from a crypto 5 ETF, and a broader risk-off backdrop.