Cardano has climbed back above key support, while derivatives sentiment has turned bullish.
$ADA recovered to around $0.250 on Monday, moving above a major support zone. The long/short ratio rose above 1.01, suggesting a slight bullish tilt in the market; the funding rate turned positive at 0.0061%, with longs paying fees. $ADA is still holding above major daily moving averages, with support at $0.245 and resistance at $0.299. Notably, momentum indicators remain mixed and selling pressure has yet to be fully absorbed, leaving the short-term outlook uncertain.
#Cardano #ADA #Cryptocurrency
(Source: CoinJournal)
⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risk; proceed with caution.
$ADA recovered to around $0.250 on Monday, moving above a major support zone. The long/short ratio rose above 1.01, suggesting a slight bullish tilt in the market; the funding rate turned positive at 0.0061%, with longs paying fees. $ADA is still holding above major daily moving averages, with support at $0.245 and resistance at $0.299. Notably, momentum indicators remain mixed and selling pressure has yet to be fully absorbed, leaving the short-term outlook uncertain.
#Cardano #ADA #Cryptocurrency
(Source: CoinJournal)
⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risk; proceed with caution.