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Cardano Price Prediction: Sellers Defend $0.41 As Open Interest Rises Into Downtrend

24d ago
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  • ADA remains capped below $0.41, with Supertrend and descending resistance keeping the daily structure bearish.
  • Exchange inflows continue to signal distribution, limiting follow-through on short-term rebounds.
  • Rising open interest and long-heavy positioning increase downside risk if $0.37 support breaks.

Cardano price today trades near $0.385, attempting to stabilize after another rejection below descending resistance. The move follows a sharp selloff earlier in the week that dragged ADA to fresh December lows before dip buyers stepped in near the $0.37 area. Despite the bounce, structure remains under pressure as sellers continue to control the higher-timeframe trend.

Daily Trend Remains Bearish Below Supertrend And SAR

ADA Price Dynamics (Source: TradingView)

On the daily chart, ADA remains firmly below its falling trendline that has capped price since Augus…

Read The Full Article Cardano Price Prediction: Sellers Defend $0.41 As Open Interest Rises Into Downtrend On Coin Edition.

24d ago
bullish:

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bearish:

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