Cardano Price Reaches Key Resistance Zone After 15% Rally

Cardano (ADA) has seen its price test USD 0.245 as funding turns positive after a 15% rally last week, according to Analytics Insight. The altcoin traded near USD 0.222 today with technical momentum improving and broader trading signals remaining mixed. Buyers now face resistance between USD 0.231 and USD 0.245. Positive funding and price strength above key moving averages supported the recovery setup.

ADA's momentum has improved as its long-to-short ratio stands at 0.94, indicating short positions slightly outnumber longs but with a narrow gap pointing to cautious positioning rather than heavy bearish conviction.

Funding data shows a different signal, with Cardano's open interest-weighted funding rate turning positive on Saturday and reaching 0.0097% on Monday, showing stronger demand for bullish leveraged exposure.

CryptoQuant's summary data shows large whale orders in Cardano futures while most other tracked measures remain neutral, pointing to increased large-trader activity without a broad bullish shift.