Overview
- ADA trades around $0.2815 after slipping below the $0.3040 support, with bears eyeing ~$0.2255 if selling persists while bulls defend a longer-term floor near $0.244.
- DeFiLlama data show Cardano’s TVL fell about 26% in 30 days to roughly $134 million as liquidity thinned across the ecosystem.
- Stablecoin float remains small at about $37 million and daily active addresses hovered near 17,691, underscoring muted on-chain activity.
- CME’s newly listed ADA futures have recorded relatively low open interest, and overall derivatives positioning has softened with OI near $447 million and negative funding.
- Large holders accumulated more than 220 million ADA during the dip as the community looks to late‑March Midnight mainnet plus USDCx and LayerZero plans to rekindle growth.