Cardano Dips Below $0.25 Amid Derivatives Trader Uncertainty

Cardano's price has dipped below $0.250 after last week's rally, but traders are divided on whether the coin will continue its upward momentum.

The token's recent gain of over 11% has left some derivatives traders betting that momentum will continue, while others expect a pullback.

Data from CoinGlass shows a long-to-short ratio of 0.73, indicating that short positions outnumber long positions, suggesting a cautious or bearish tilt among traders.