Cardano Price Surges 15%, Buyers Face Resistance at $0.245

Cardano's price has been on an upward trend since last week, surging over 15% to reach $0.222 today.

This significant gain has improved technical momentum and turned funding positive, indicating a stronger demand for bullish leveraged exposure.

However, buyers still face resistance between $0.231 and $0.245, making it essential for them to break through this zone to extend the current recovery.

CoinGlass data shows that Cardano's long-to-short ratio is at 0.94, indicating that short positions slightly outnumber longs, but the narrow gap suggests cautious positioning rather than heavy bearish conviction.