Cardano Price Rejected at $0.25 Amid Short-Term Retracement Phase

Cardano's price has seen a sharp move higher in recent days but faced a rejection at $0.25, sparking a short-term retracement phase.

The cryptocurrency is down 5% in the past 24 hours, but has rallied 20% over the past week and nearly 30% in a month.

The selling pressure was not extreme, with an Open Interest slump of 6.5% and a slight decline in spot CVD, indicating a minor reset in market sentiment.

The price structure and magnetic zones suggest that Cardano may experience a short-term parabolic move and heavy profit-taking, leading to an 18.6% correction within five days.