Analyst: Cardano testing the $0.2 support level, with a clearing imbalance of 10,166%
2026-08-30 08:21:51
According to CoinMeta, Cardano's ADA is facing a critical support level of $0.20, and there has been a 10,166% clearing imbalance. In the past 24 hours, the total clearing amount for Cardano reached $1.17 million, of which long positions amounted to $1.16 million, while short positions were $11,410. ADA fell by 3.66% in the past 24 hours and is currently trading at $0.20. The market has declined due to the hawkish remarks made by Federal Reserve Chairman Kevin Warsh at the Jackson Hole meeting, with the probability of a rate hike in September rising from 35% to 42%. Cardano is currently striving to maintain the $0.20 support level, and its performance in the coming days will be closely watched.
Source:U.Today
This content is for market information only and does not constitute investment advice.
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