Coin: Cardano ($ADA )
• Direction: Short
• Setup Strength: Strong
• Reason: As of August 10, 2026 at 1:55 AM PKT, data from CoinGlass (via CoinGape) indicates a 33% plunge in 24h futures volume (down to $591M) and a 5.8% drop in Open Interest (to $480M). The funding rate recently flipped negative, confirming short sellers are dominating the bias and paying longs to hold positions amid weakening on-chain network activity.
• Entry Zone: $0.195 - $0.205
• Invalidation Level: $0.210
• Target Zone: $0.180
• Direction: Short
• Setup Strength: Strong
• Reason: As of August 10, 2026 at 1:55 AM PKT, data from CoinGlass (via CoinGape) indicates a 33% plunge in 24h futures volume (down to $591M) and a 5.8% drop in Open Interest (to $480M). The funding rate recently flipped negative, confirming short sellers are dominating the bias and paying longs to hold positions amid weakening on-chain network activity.
• Entry Zone: $0.195 - $0.205
• Invalidation Level: $0.210
• Target Zone: $0.180