Cardano price stuck in bearish structure as open interest drops 79%

cryptonews

Feb 09

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 $...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCardano price stuck in bearish structure as open interest drops 79%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-09 11:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/cardano-price-bearish-open-interest-slides-2026/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano price is under pressure near $0.27 as falling open interest and weak technical structure continue to limit recovery attempts.\n\n\nSummary\n\n\n\nADA open interest has fallen from $1.6 billion to $...</p>\n\n<a href=\"https://crypto.news/cardano-price-bearish-open-interest-slides-2026/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://crypto.news/cardano-price-bearish-open-interest-slides-2026/","article_id":"2610500561","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/cardano-price-bearish-open-interest-slides-2026/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610500561","pubTimestamp":1770608280,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Cardano price is under pressure near $0.27 as falling open interest and weak technical structure continue to limit recovery attempts.ADA open interest has fallen from $1.6 billion to $334 million, pointing to a sharp exit by leveraged traders.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.Earlier in February, Cardano  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–$0.3034 range.ADA  Open Interest has collapsed from $1.6B to $334M. But there’s a detail very few are noticing.Major players have closed their ADA positions aggressively.The key insight lies in where open interest is now concentrated.Back in 2023, Binance controlled over 80% of…A consistent pattern of lower highs and lower lows can be seen in the daily str","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7016":"应用软件","BK7083":"煤与消费用燃料","BK7105":"多领域控股","ADA.AU":"ADACEL TECHNOLOGIES LIMITED","SOL.AU":"WASHINGTON H. SOUL PATTINSON"},"translate_title":"未平仓合约下降79%，卡尔达诺价格陷入看跌结构","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADA.AU":1,"SOL.AU":1},"content_text":"Cardano price is under pressure near $0.27 as falling open interest and weak technical structure continue to limit recovery attempts.\n\n\nSummary\n\n\n\nADA open interest has fallen from $1.6 billion to $334 million, pointing to a sharp exit by leveraged traders.\nPrice remains below key moving averages, with repeated rejections near the $0.32 level.\nTechnical indicators show weak momentum, keeping downside levels near $0.24–$0.25 in focus.\n\n\n\nCardano 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. \nEarlier 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–$0.3034 range.\nAs the selloff continues, market activity has slowed. Cardano’s 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.\nOpen interest drop reflects exit by large traders\nThe derivatives market tells a similar story. Data shared on Feb. 9 by Alpharactal co-founder Joao Wedson shows Cardano’s 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.\n\nADA (Cardano) Open Interest has collapsed from $1.6B to $334M. But there’s a detail very few are noticing.Major players have closed their ADA positions aggressively.The key insight lies in where open interest is now concentrated.Back in 2023, Binance controlled over 80% of… pic.twitter.com/N9R8TgfRhC— Joao Wedson (@joao_wedson) February 8, 2026\n\nWedson also highlighted a shift in where that open interest now sits. In 2023, Binance accounted for more than 80% of ADA’s open interest, with the rest spread thinly across other exchanges. That picture has changed. Binance’s share has dropped to 22%, while Gate.io now holds the largest slice at 31%.\nAccording 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. \nIn Cardano’s case, the fragmented setup suggests leverage is no longer concentrated enough to drive sharp upside moves.\nCardano price technical analysis\nOn the chart, the trend still points lower. For weeks, recovery attempts have been capped by ADA’s 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.\nCardano daily chart. Credit: crypto.news\nA 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. \nThe 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. \nThe $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.\nThat 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. \nPrice action is still favoring a slow grind lower, with the $0.24–$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.\n\n\n\n\n\n                Read more:\n            \n\n                Cardano’s Hoskinson on crypto market slump: “It’ll get worse. It’ll get redder.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}