ADA has dropped over 4% this week, and since yesterday, it has started to hover around $0.25. There are signs of a gradual recovery from oversold levels. An interesting shift is being observed among futures market traders.



The key point is that the funding rate has turned positive, which means long position holders are paying short holders. In other words, it signals that the market is expecting an upward move. Currently, the funding rate is around 0.0045%, and the long-short ratio has risen to 1.09. More traders are betting on a rise than expecting a decline.

Technically, the RSI has risen to 32.7, moving away from oversold territory. The MACD is also showing a decreasing negative gap. However, it has not yet broken through the 9-day moving average at $0.266. This level is the first hurdle, and if surpassed, it could lead to targets of $0.301 and $0.325. It’s a moment to watch carefully.
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