Cardano (ADA) Price Alert: Open Contract Positions Plummet, $0.25 Could Be the Critical Threshold
February 10 News, Cardano (ADA) has recently continued to weaken, falling out of the top ten by market capitalization in the crypto space. Over the past 24 hours, it declined by 3.8%, with weekly losses expanding to 10.7%, and the latest price around $0.26. As Bitcoin drops below $70,000, market risk appetite has significantly cooled, and ADA has also lost the important $0.30 level, intensifying short-term pressure.
Derivatives data has become an important signal of this downward trend. Joao Wedson, CEO of Alphractal, pointed out that the open interest structure of ADA has undergone dramatic changes in the past three years. In 2023, a single platform once accounted for about 80% of open interest, but by 2026, this share has decreased to 22%. Historical experience shows that when contract concentration decreases and distribution becomes too dispersed, it often weakens upward price momentum. Similar situations occurred at Solana’s cycle turning points, where the price rally slowed down. Currently, ADA’s open interest has also sharply declined from a high of $1.6 billion to about $334 million, indicating a clear retreat of speculative activity.
On-chain holdings structure also signals caution. Santiment data shows that wallets holding small amounts of ADA are still slightly increasing their positions, while most medium and large addresses have been reducing their holdings since November last year. The only relatively stable group is those holding between 1 million and 10 million ADA, but overall distribution still shows a lack of confidence. A previous large-scale accumulation pushed the price from $0.36 to $1.23, but the current distribution phase may indicate a different trend direction.
On the macro level, early February saw significant outflows of funds from Bitcoin and Ethereum spot ETFs, adding pressure on altcoins. Technically, the RSI is around 45, indicating weak momentum; the $0.30 resistance level remains key. If it cannot be reclaimed, the price may continue to be limited. The $0.25 support level is critical; if broken, $0.20 could become the new focus area. For investors watching ADA price forecasts, derivatives and on-chain signals are warning of higher volatility risks.