ADA
Rationale
ADA OI at 197.6M contracts (~$50.6M notional), down 3.5% in 24h while price rose +1.87%. This falling OI + rising price divergence signals weakening rally momentum - likely short covering rather than fresh bullish capital. 7d OI average comparison shows -15.9% decline from ~235M levels, indicating significant deleveraging. Funding at -0.0059% shows slight short bias but not extreme crowding. Volume at $79.9M confirms active trading. Key risk: continued OI decline with price stability could precede reversal; positive funding buildup would increase squeeze risk.
Cardano (ADA) is a cryptocurrency launched in 2017. Cardano has a current supply of 44,994,771,011.645423 with 35,893,941,446.258789 in circulation. The last known price of Cardano is 0.41516868 USD and is down -1.34 over the last 24 hours. It is currently trading on 1629 active market(s) with $391,624,039.39 traded over the last 24 hours. More information can be found at https://www.cardano.org.
- Launched
- Sep 2017