The cryptocurrency market conditions have been fragile over the past few hours. Bitcoin and other leading altcoins rallied in the late hours of Sunday but have since given up their gains after failing to take out key resistance levels. Cardano’s ADA hit the $0.2562 level late on Sunday but has since dropped below $0.2500, failing to take out the $0.2577 resistance level. However, the bulls could retry again in the near term. A decisive break above this resistance level could open the door to further gains. The derivatives data reflect mixed trader sentiment, with the recent shift in funding rates and neutral positioning across spot and futures markets suggesting cautious optimism is beginning to build.
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