Cardano holds $0.20 support as bearish derivatives signals limit recovery

Key takeaways Cardano trades near $0.207 after falling more than 8% during the previous week. ADA’s long-to-short ratio of 0.88 indicates bearish positioning among derivatives traders. The funding rate turned positive at 0.0052%, showing a mild bullish bias despite the elevated short positioning. ADA must hold the $0.199-to-$0.200 support zone to avoid a decline toward […] The post Cardano holds $0.20 support as bearish derivatives signals limit recovery appeared first on CoinJournal.