Overview
- Cardano (ADA) fell about 5.7% to roughly $0.25 during a broad crypto pullback tied to profit-taking on U.S.–Iran ceasefire news.
- CoinGlass data show about $545,000 in ADA long positions were liquidated in 24 hours, far exceeding shorts and adding forced selling pressure.
- Open interest in ADA futures dropped around 6% to $412.36 million as the funding rate slipped to -0.0045%, indicating traders leaned toward short positions.
- Large holders kept buying dips, with wallets holding more than 10 million ADA rising to a four-month high of 424, according to Santiment.
- Traders are watching $0.24 as a key floor, with resistance near the 50-day EMA around $0.267 and the range top near $0.30 flagged by analysts.