Cardano Surges in Futures Volume Amid Market Sell-Off as Support Holds at $0.25
Analysis
Price Impact
MedCardano is experiencing a market sell-off, currently down and testing crucial support at $0.25. a significant surge in futures volume on bitmex is noted, but overall derivatives volume is down, indicating mixed sentiment. macroeconomic factors like the upcoming jobs report and cpi are creating market caution.
Trustworthiness
HighThe analysis uses data from reputable sources like coinglass and coinmarketcap, and discusses widely acknowledged market moving events (jobs report, cpi).
Price Direction
NeutralAda is currently testing a critical support level at $0.25. if this support fails, a move towards $0.20 is possible. however, a break above $0.30 could lead to further upward momentum. the current price action is largely influenced by broader market conditions and upcoming economic data, creating uncertainty.
Time Effect
ShortThe immediate price action is focused on current support/resistance levels ($0.25, $0.20, $0.30) and short-term catalysts like the january jobs report and the consumer price index, both due out very soon.
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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 The broader crypto market saw selling in the early Wednesday session on most cryptocurrencies, including Cardano, which is currently trading in red. At press time, ADA was down 3.63% in the last 24 hours to $0.254 and down 14.24% weekly. Advertisement In the last 24 hours, a total of $303 million has been reported in liquidation, according to CoinGlass data . Several factors have weighed on crypto markets, including volatility in tech stocks, with which crypto assets often move in tandem. HOT Stories Morning Crypto Report: Bitcoin Drops to $67,000 Amid CPI Caution, Ripple Targets UK Insurance Market for XRP Ledger, Dogecoin Creator Reacts to Satoshi Theories Goldman Sachs Holding $152M in XRP Amid the market drop, Cardano has seen a futures volume surge on Bitmex, up 39,366% in the last 24 hours to $120.22 million. Advertisement ADA/USD Daily Chart, Image By: CoinMarketCap The surge, however did not translate to a rise in volumes across the entire derivatives market. According to CoinGlass data, Cardano's total volume across the derivatives market dropped by 7.97% in the last 24 hours to $709.08 million. Cardano tests $0.25 The crypto market largely traded in red as investors awaited the release of the delayed January jobs report. Investors are anticipating the nonfarm payrolls report for January on Wednesday, set to be published by the Bureau of Labor Statistics at 8:30 a.m. ET. You Might Also Like Sun, 02/08/2026 - 15:39 Cardano (ADA) Price Analysis for February 8 By Denys Serhiichuk Advertisement Cardano is extending its drop amid continued profit-taking after reaching $0.2841 on Feb. 6. Cardano is currently testing the support near $0.25, reaching an intraday low of $0.252 on Wednesday. If the ADA price turns downward from its current level, ADA might aim for the next support at $0.20. On the other hand, a break above $0.30 might cause ADA to stay in its price channel for some time. Further momentum might see ADA target $0.50 next. Investors are also looking ahead to the consumer price index, which is due out on Friday and is a key inflation gauge. #Cardano News #Cardano #Cardano Price Prediction