Cardano’s Wild Ride: Futures Surge While Market Goes “Eh, Whatever”

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Oh, crypto market, you fickle beast. Wednesday morning rolled in like a bad Tinder date, leaving most cryptocurrencies, including our pal Cardano, in the red. At press time, ADA was down 3.63% in the last 24 hours to $0.254, because apparently, it’s having a “I’m fine, YOU’RE fine” moment. Weekly? Down 14.24%. Someone get this coin a blanket and a pint of Ben & Jerry’s.

Meanwhile, CoinGlass data reports $303 million in liquidations in the last 24 hours. That’s a lot of tears and broken dreams, folks. And why? Tech stocks are having a tantrum, and crypto, like the loyal but slightly annoying sidekick, is following suit. Ugh, tech stocks, always drama.

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But wait! Amid this financial dumpster fire, Cardano’s futures volume on Bitmex surged 39,366% in the last 24 hours to $120.22 million. That’s like showing up to a funeral in a party hat. Good for you, ADA, but maybe read the room?

Unfortunately, this surge didn’t translate to a rise in volumes across the entire derivatives market. CoinGlass data shows Cardano’s total volume dropped by 7.97% to $709.08 million. So, it’s like ADA threw a party, but only the futures market showed up. Awkward.

Cardano Tests $0.25: Will It Hold or Fold Like a Cheap Lawn Chair?

The crypto market is trading in red as investors wait for the January jobs report like it’s the season finale of their favorite show. Nonfarm payrolls are dropping Wednesday at 8:30 a.m. ET, and everyone’s on the edge of their seats. Spoiler alert: it’s probably not going to be a feel-good episode.

Cardano, meanwhile, is extending its drop after hitting $0.2841 on Feb. 6. Now it’s testing support near $0.25, hitting an intraday low of $0.252 on Wednesday. If it keeps going south, $0.20 might be its next stop. On the flip side, if it breaks above $0.30, it might stick around in its price channel. And if it gets really ambitious? $0.50, baby! Dream big, ADA.

Investors are also eyeing the consumer price index due Friday, because nothing says “fun weekend” like inflation data. Yay?

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2026-02-11 18:37