Cardano Stalls Below $0.250 as Traders Send Mixed Signals

Cardano's recent rally has stalled, with the token trading below $0.250 on Monday as derivatives traders send mixed signals.

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

However, derivatives positioning and on-chain indicators show less agreement about where ADA goes next.

CoinGlass data placed Cardano's long-to-short ratio at 0.73 on Monday, close to its lowest reading in more than a month.

The resulting picture is one of an uptrend facing a test, rather than a clear signal that another rally is underway.