Overview
- ADA trades near $0.24 after failing to hold moves above $0.25, keeping the token pinned in a tight range.
- Futures data points to weak conviction, with open interest down about 8% in 24 hours, roughly $701,830 in long liquidations, and an OI‑weighted funding rate at -0.0132% that signals traders are paying to stay short.
- Large holders keep buying dips, as wallets with at least 10 million ADA rose to 424, a four‑month high and a gain of about 5% over nine weeks.
- On-chain stablecoin supply on Cardano has more than doubled over the past year, indicating more ready capital that can be deployed into tokens, lending, and DeFi activity.
- Key levels remain well defined, with support around $0.2328 and risk toward $0.2205 if it breaks, while reclaiming the 50‑day EMA near $0.2681 would open room toward roughly $0.299.