Cardano Price Forecast: Can ADA Extend Its Recovery Toward $0.245?
Cardano's (ADA) price has been steadily increasing over the past week, reaching a gain of more than 15% last Monday. As of now, ADA trades at around $0.222.
The long-to-short ratio in the derivatives market is 0.94, indicating that slightly more traders are betting on a price decline than an advance. However, funding rates show a positive trend, with open interest-weighted funding rate turning positive over the weekend and standing at 0.0097% on Monday.
According to CryptoQuant's summary data, large whale orders have appeared in ADA's futures market, indicating increased activity among well-capitalized traders. This suggests institutional or whale interest may be increasing, but the market has not yet established overwhelmingly bullish positioning.