Cardano Price Hovers Near Key Support Zone Amid Cautious Sentiment

Cardano's price has hovered around $0.200 after falling over 8% in the previous week.

Mixed derivatives metrics suggest a cautious outlook, with CoinGlass' long-to-short ratio for ADA reading 0.88 on Monday - its lowest level in a month.

The funding rate flipped positive on Monday, indicating a mild bullish bias among traders at 0.0052%.

CryptoQuant's summary data shows large whale orders, but with sell-side dominance and heating conditions in both spot and futures markets.