Cardano Jumps 25,084% in Wild Activity Surge as ADA Price Tests $0.4
Analysis
Price Impact
HighCardano futures volume surged 25,084% to $162m on bitmex amid broader market sell-off, with ada testing crucial $0.4 support. this indicates extremely high interest and potential for significant volatility around this key level.
Trustworthiness
HighInformation is from u.today, citing coinglass data for futures volume and tradingview for charts, which are reputable sources for market data and analysis.
Price Direction
BullishDespite broader market pressure, ada is testing critical $0.4 support (daily ma 50). if this support holds, combined with the massive futures volume surge, ongoing leios development, and an anticipated u.s. spot etf in early 2026, it could signal a bullish continuation from its 17% weekly gain.
Time Effect
ShortThe immediate price movement is influenced by whether the $0.4 support level holds amidst the high futures activity, dictating short-term price action. longer-term catalysts like leios mainnet progress and a potential 2026 spot etf provide fundamental support.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Cardano saw a surge in futures activity even as ADA price tested a crucial support level amid the ongoing price drop in the markets. Advertisement The broader crypto market saw selling pressure on Wednesday amid increased risk-off sentiment among traders. U.S. equities also fell alongside the Nasdaq 100 futures. A total of $465 million was liquidated in positions across the crypto market, with longs accounting for over half of this figure. Amid the market drop, Cardano futures volume has risen 25,084% on the Bitmex exchange to reach $162 million in the last 24 hours, according to CoinGlass data. HOT Stories Morning Crypto Report: XRP Hits Brutal 760,456% Liquidation Imbalance, 'I Feel Fine': Ex-Ripple CTO Speaks Out on Retirement, Coinbase CEO Reveals Main Target for 2026 CNBC Declares XRP the 'Breakout Trade of 2026' Ripple President: We Still Plan to Remain Private Top US Exchange Puzzled by XRP Rally Cardano tests $0.4 At the time of writing, Cardano (ADA) was down 4.60% in the last 24 hours to $0.40 amid the current market drop, but up 17% weekly. Advertisement ADA/USD Daily Chart, Courtesy: TradingView Cardano started rising from a low of $0.331 on Jan. 1. The sustained rise produced a crucial breakout for Cardano, allowing it to surpass the daily MA 50 (currently at $0.40) for the first time since October. The cryptocurrency rose to a high of $0.437 after four days of increases at 2026's start, but resistance was encountered and ADA price promptly declined. In a second day of drop since Tuesday, Cardano is testing support at the $0.4 level, which coincides with the daily MA 50, having touched this level in early Wednesday session. If the daily MA 50 can act as short-term support, it will boost the chances of ADA continuing its price climb. Advertisement In positive news for Cardano, Leios might be journeying its way toward mainnet launch. IOG’s public Leios tracker shows the Cardano Improvement Proposal is 67% complete, and delivery work is actively progressing across specs, simulations and implementation. Expectations are also in place for the first Cardano spot ETF in the U.S. as Grayscale's spot Cardano remains under SEC review, with a decision now expected in early 2026. #Cardano News #Cardano #Cardano Price Prediction