ADA coin is now showing me an interesting setup. It was quite negative over the past few weeks, but now some bullish signals are emerging. The SAR level has moved below the price, indicating a trend reversal. Additionally, the funding rate has recently turned positive, suggesting that buyers are regaining interest.



Currently, ADA is trading around $0.25. It has increased by 1.26% in the last 24 hours, but on a weekly basis, it is still in the negative. The market cap is $9.18 billion, and the volume is quite healthy. It seems like the price is trying to establish a base between $0.26 and $0.29.

Volatility has now decreased, which is a good sign. Previously, there was wild swinging, but now it has settled down. This means the price is stabilizing and may be preparing for the next big move. If it holds this level, there is a possibility of moving upward, but if it breaks down, it could go lower again.

In the derivatives market, short positions were high but are now decreasing. This could indicate a potential short squeeze. Are you following this move?
ADA0.67%
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