Cardano traded above $0.26 on Thursday, with ADA up about 1.5% during the session as traders positioned ahead of the Leios and Midnight upgrades planned for March. Spot price stability was matched by firmer derivatives signals, pointing to a stronger bullish bias in the market.
The broader crypto market was relatively calm. Bitcoin remained above $70,000, Ethereum stayed near $2,000, and several large-cap tokens posted modest rebounds. That backdrop helped support ADA after its recent recovery.
$0.25 support remains key while $0.27 caps rallies
After facing selling pressure earlier this month, ADA reclaimed ground above the $0.25 support zone. Buyers have managed to defend that level for now, keeping the current short-term structure intact. If that floor breaks, selling pressure could return quickly.
On the upside, $0.27 continues to act as the main barrier. Several recovery attempts in recent sessions have stalled there, leaving traders focused on whether stronger demand can push ADA toward the next resistance around $0.28 and then the $0.30 region.
Short-term momentum improves as MACD turns positive
Momentum readings on lower time frames have started to improve. On the four-hour chart, the MACD has produced an early bullish crossover, and histogram bars have moved into positive territory, a sign that upward momentum has strengthened over recent sessions.
Those signals do not confirm a breakout on their own. Still, they show that ADA’s rebound is being supported by a wider recovery across major cryptocurrencies rather than a single isolated move.
Open interest reaches $416 million as traders lean long
Derivatives data also shows stronger market participation around Cardano. According to Coinglass, ADA futures open interest climbed to about $416 million in recent sessions, indicating that capital remains active in the market.
At the same time, open-interest-weighted funding rates suggest traders are increasingly favoring long positions. Even with a recent decline in derivatives volume, the combination of higher open interest and long-leaning funding points to firmer confidence in ADA’s near-term price action. The next move still depends on whether $0.25 holds and whether ADA can finally clear $0.27 on the way toward $0.30.