I just checked Cardano and there are some interesting movements in the charts lately. The parabolic SAR recently turned bullish, which typically indicates that selling pressure is weakening. ADA's price is around $0.25 right now, so we're still in that consolidation zone, but the technical structure is starting to look different.

What catches my attention is that after those aggressive drops in February, where we saw deeply negative funding ( traders betting heavily on the downside ), now things have changed. Funding has turned positive, suggesting that buyers are entering. The ATR has moderated quite a bit, signaling that volatility has calmed down. Cardano seems to be trying to establish a floor in the $0.26-$0.29 range. If the price holds above the current SAR level, we could see a more defined upward move.

Trading volume remains decent, although lower than a few days ago. Cardano's market capitalization is around $9 billion. The interesting part is that historically, when we see such negative funding as a few weeks ago, followed by this shift to positive, there could be a short squeeze if the price starts to recover. We’ll need to watch closely if ADA manages to convincingly break above $0.29. For now, Cardano looks at a technical crossroads, but early signals suggest that sellers are losing control.