 ▲ Cardano (ADA) |
Despite intense sell-offs across the broader digital asset market, Cardano (ADA) has firmly defended the critical $0.25 level, while futures market trading volume has surged abnormally.
According to cryptocurrency media outlet CryptoPotato on February 11 (local time), Cardano has withstood strong downward pressure in the recent market downturn, with futures trading volume rising sharply and demonstrating heightened investor interest. Even as major assets declined across the board, Cardano showed exceptional resilience in the bearish market, attracting substantial capital inflows centered on the futures market.
Cardano is currently holding above the $0.25 support level, forming strong downside rigidity by absorbing heavy selling pressure even under extreme conditions. The $0.25 range has historically served as a psychological threshold where strong buying interest emerged, and the recent surge in trading volume suggests that large-scale capital has begun actively defending this price zone to prevent further declines.
Open interest in the futures market has also continued to trend upward despite the decline in price, supporting the view that new capital is entering the market or existing investors are strengthening their positions. The increase in open interest goes beyond mere price defense and has led to analysis that Cardano could secure strong upward momentum in the event of a market rebound.
With top market-cap assets such as Bitcoin (BTC) and Ethereum (ETH) plunging more than 3% and investor sentiment freezing, Cardano’s independent price movement is being viewed as highly unusual. Market experts suggest that as liquidity exits most altcoins and concentrates into Cardano, this phenomenon could signal a potential shift in market leadership.
Current technical indicators show that Cardano is in the early stages of attempting a price recovery after emerging from oversold territory, and the accompanying surge in trading volume is a decisive factor enhancing the credibility of the support level. Through its successful defense of the $0.25 mark, Cardano has eased market uncertainty and reinforced its standing as a long-term store of value.
*Disclaimer: This article is provided for investment reference only and the publisher assumes no responsibility for any investment losses incurred based on this information. The content should be interpreted for informational purposes only.*