ADA shorts are piling in: could $0.20 trigger a violent Cardano rebound?
Cardano (ADA) continues to trade in the red on Friday, holding just above an important support zone after losing more than 8% this week. Weak derivatives positioning, cautious on-chain signals, and fading momentum point to a bearish near-term outlook. A decisive close below the support cluster between $0.195 and $0.200 could trigger a deeper correction toward $0.173. Cardano derivatives traders turn bearish Cardano's derivatives market indicates that traders are increasingly positioning for further losses. ADA's long-to-short ratio stood at 0.93 on Friday, approaching its lowest level in a month, according to CoinGlass. A reading below 1 means short positions outnumber longs, reflecting expectations that Cardano's price could decline.
