Cardano's Price Rebound Leaves Traders Divided Over ADA's Next Move

Cardano's price has been trading near $0.180 after a weekly rebound of over 10%. Despite this move, traders remain split on whether ADA is starting a wider recovery or simply pausing after recent losses.

The derivatives market shows mixed signals, with Cardano's long-to-short ratio at around 0.81, close to its lowest level in more than a month. This indicates that more traders are positioning for a downside move rather than an upside one.

However, the open interest-weighted funding rate has turned positive again, standing at around 0.0083%. This means that long holders are now paying shorts, and some market participants have started to lean bullish despite broader sentiment remaining uncertain.

The presence of large spot-market orders during the recent recovery is also worth noting. According to CryptoQuant data, these whale orders can signal quiet accumulation by larger investors, which has often come before stronger price moves in the past.