Two Cardano indicators signal a potential price rebound
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Two historical contrarian indicators have appeared simultaneously for Cardano, with the average holder incurring a loss of approximately 43%. The token has entered an on-chain "opportunity zone", which has previously been associated with price rebounds. Derivatives data shows that ADA funding rates are at their lowest since June 2023, indicating a high concentration of short trades. In the past, this situation has often coincided with short covering rather than further decline. ADA is currently priced at around $0.26, although macroeconomic pressures and weak ecosystem growth may impact its performance.
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