{"id":21558,"date":"2026-02-09T03:53:28","date_gmt":"2026-02-09T03:53:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-stuck-in-bearish-structure-as-open-interest-drops-79\/"},"modified":"2026-02-09T03:53:42","modified_gmt":"2026-02-09T03:53:42","slug":"cardano-price-stuck-in-bearish-structure-as-open-interest-drops-79","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-stuck-in-bearish-structure-as-open-interest-drops-79\/","title":{"rendered":"Cardano price stuck in bearish structure as open interest drops 79%"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano price is under pressure near $0.27 as falling open interest and weak technical structure continue to limit recovery attempts.<\/p>\n<div id=\"cn-block-summary-block_3de8856f3c3b1cca800ad86e1f415173\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>ADA open interest has fallen from $1.6 billion to $334 million, pointing to a sharp exit by leveraged traders.<\/li>\n<li>Price remains below key moving averages, with repeated rejections near the $0.32 level.<\/li>\n<li>Technical indicators show weak momentum, keeping downside levels near $0.24\u2013$0.25 in focus.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Cardano traded slightly lower on Feb. 9, changing hands at $0.2705 at the time of writing. The token has lost about 31% over the past month and continues to sit near levels last seen in mid-2023. <\/p>\n<p>Earlier in February, Cardano (ADA) briefly slipped toward a multi-year low around $0.22 before buyers stepped in. Since then, price action has stayed compressed, with the past seven days confined to a $0.2441\u2013$0.3034 range.<\/p>\n<p>As the selloff continues, market activity has slowed. Cardano\u2019s 24-hour trading volume dropped 33% to about $768 million. With traders displaying little urgency on either side, the decline suggests waning participation rather than panic selling.<\/p>\n<h2 class=\"wp-block-heading\">Open interest drop reflects exit by large traders<\/h2>\n<p>The derivatives market tells a similar story. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/joao_wedson\/status\/2020606697409278378?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\" rel=\"nofollow\">Data<\/a> shared on Feb. 9 by Alpharactal co-founder Joao Wedson shows Cardano\u2019s open interest shrinking sharply, falling from $1.6 billion to about $334 million. The move suggests leveraged positions have been closed in size, rather than rolled into new bets.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ADA (Cardano) Open Interest has collapsed from $1.6B to $334M. But there\u2019s a detail very few are noticing.<\/p>\n<p>Major players have closed their ADA positions aggressively.<\/p>\n<p>The key insight lies in where open interest is now concentrated.<\/p>\n<p>Back in 2023, Binance controlled over 80% of\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/N9R8TgfRhC\">pic.twitter.com\/N9R8TgfRhC<\/a><\/p>\n<p>\u2014 Joao Wedson (@joao_wedson) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/joao_wedson\/status\/2020606697409278378?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 8, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Wedson also highlighted a shift in where that open interest now sits. In 2023, Binance accounted for more than 80% of ADA\u2019s open interest, with the rest spread thinly across other exchanges. That picture has changed. Binance\u2019s share has dropped to 22%, while Gate.io now holds the largest slice at 31%.<\/p>\n<p>According to Wedson, this change matters. He pointed to Solana (SOL) as a reference, noting that its strongest rally phase coincided with rising Binance dominance in derivatives. Once that dominance faded, price strength cooled as well. <\/p>\n<p>In Cardano\u2019s case, the fragmented setup suggests leverage is no longer concentrated enough to drive sharp upside moves.<\/p>\n<h2 class=\"wp-block-heading\">Cardano price technical analysis<\/h2>\n<p>On the chart, the trend still points lower. For weeks, recovery attempts have been capped by ADA\u2019s continued trading below the 100-day moving average. The $0.32 region has been rejected on every push, confirming its status as a crucial resistance level.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Cardano daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>A consistent pattern of lower highs and lower lows can be seen in the daily structure. The price is tracking close to the lower Bollinger Band, keeping pressure tilted to the downside. <\/p>\n<p>The lack of volatility suggests a steady distribution as opposed to a washout. Moves back toward the middle of the Bollinger Bands have been sold into, suggesting sellers stay active on minor rebounds. <\/p>\n<p>The $0.27 area, once a demand zone, is now being tested again with less follow-through from buyers. As long as ADA stays below $0.30, downside risk stays in focus.<\/p>\n<p>That picture is echoed by momentum indicators. During short oversold bounces, the relative strength index, which is below 40, has had difficulty gaining traction. There has been no discernible bullish divergence, and attempts at recovery have been shallow. <\/p>\n<p>Price action is still favoring a slow grind lower, with the $0.24\u2013$0.25 zone serving as the next area of interest, unless there is a clear break back above the 100-day average on high volume.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price is under pressure near $0.27 as falling open interest and weak technical structure continue to limit recovery attempts. Summary ADA open interest has fallen from $1.6 billion to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21558"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21558\/revisions"}],"predecessor-version":[{"id":21559,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21558\/revisions\/21559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11194"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}