Cardano Slips Below $0.250 as Traders Send Mixed Signals

Cardano's price has taken a breather after last week's rally, trading below $0.250 on Monday as traders weigh conflicting market signals.

The token's price remains above several closely watched technical levels, suggesting buyers have retained much of their recent progress.

Derivatives positioning and on-chain indicators show less agreement about where Cardano goes next.

The long-to-short ratio is 0.73, close to its lowest reading in more than a month, indicating that short positions outnumber long positions.

Funding rates are positive at 0.0049%, but this does not establish which group will be right.