ADA is showing interesting movements. Cardano is currently trading around $0.25, but looking at the technicals over the past few days, signs of a rebound are starting to appear.

Especially noteworthy is the reversal of the Parabolic SAR. The dots are below the price, suggesting that selling pressure may be weakening. Over the past two weeks, volatility has been quite high, and the funding rate was occasionally extremely negative, but recently it has turned positive. This indicates that the excessive buildup of short positions is finally beginning to be corrected.

ADA's circulating market cap is about $9.3 billion, with a 24-hour trading volume of around $8.7 million. Over the past week, it has decreased by 4.63%, and over 30 days, by 7.02%, but it’s holding steady in the bottom range of $0.26 to $0.29. The ATR has stabilized, which might be a preparatory phase before a major move.

Whether it can continue to stay above the SAR is crucial. If it surpasses this level, a significant upward movement can be expected; if it drops below, the reversal signal will disappear. Keep an eye on Cardano’s next move.