Cardano (ADA) is trading around $0.176, down 1.59% over the past 24 hours, while order books show a concentration of selling interest between $0.177 and $0.179. CoinGlass identified a sell wall worth about $477,000 at $0.179 on Bitget, roughly $415,000 on Crypto.com, and $445,400 at $0.177 on Binance’s futures market. If sellers maintain these orders, ADA could struggle to break above $0.18, although sufficient demand could absorb the supply. Cardano’s open interest rose 5.42% in 24 hours to $395.09 million, indicating increased trader participation and new positioning in the ADA derivatives market. At the same time, buyers remain relatively in control in futures, with taker buys exceeding sells by 3.9%, while buy walls are present between $0.170 and $0.175.
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