Cardano Slumps Below $0.25 Amid Derivatives Market Confusion

Cardano's price has dropped below $0.250 after last week's rally, as traders weigh mixed signals in derivatives markets and on-chain indicators.

The token changed hands near $0.245, down from an 11% gain over the previous week.

Derivatives positioning and on-chain data show conflicting views on Cardano's next move: some expect a decline, while others are willing to pay for long exposure.

CryptoQuant's futures market indicators reveal large orders from whales, alongside signs of overheating following ADA's recent gains. However, the data also suggests that supply may increase as the token attempts to extend its rally.