Cardano Shorts Pile Up As Weekly Rates Reach Multi-Year High

Cardano (ADA) is facing increased bearish pressure as short positions accumulate while the price remains below $0.30. Weekly funding rates have reached multi-year highs, indicating strong negative sentiment from investors betting on further downside rather than recovery.

• →Cardano price remains stuck below the $0.30 resistance level amid market volatility
• →Short positions on ADA have increased significantly as bearish sentiment intensifies
• →Weekly funding rates have reached multi-year highs, reflecting strong negative market sentiment
• →Investors are betting on downward price movement rather than upside potential in the short term
• →The altcoin has failed to mount a strong recovery despite broader market conditions