Cardano holds above $0.22 as falling OI signals risk of further losses
Photo: CoinJournal
Key takeaways ADA futures open interest fell to $475.58 million from $549.14 million, reflecting reduced derivatives exposure. Positive funding shows a modest bullish tilt among perpetual traders, leaving longs vulnerable if prices fall further. ADA remains below key moving averages, with $0.1894 emerging as a potential downside target. Cardano Stabilizes After Sharp Weekly Decline Cardano held above $0.2200 on Monday as buyers attempted to steady the price following a roughly 12% decline last week. ADA has lost more than 10% so far in October, while weakening derivatives activity and subdued large-wallet positioning suggest limited conviction behind a recovery.
Source: CoinJournal
