March 2 News: Cardano (ADA) price remains volatile as March begins, currently trading near $0.27. Previously, ADA dipped to a key support level of $0.2676 and saw a slight rebound, but overall market sentiment still exerts some pressure on the price. Derivatives market data shows that ADA futures open interest decreased by 4.68% in the past 24 hours to approximately $453 million, while trading volume dropped 22.31% to about $919 million, reflecting a slight decline in market participation but no signs of panic selling.
Liquidation data indicates that total liquidations in the past 24 hours amounted to approximately $28.97 million, with longs accounting for $23.73 million. However, market sentiment remains bullish, with the long-short ratio still above 2.0. Meanwhile, funding rates stay positive at 0.0078%, suggesting that long traders are still willing to pay a premium to maintain their positions, which to some extent indicates optimism in the futures market regarding ADA’s price trend.
From a technical perspective, ADA is testing the upward trendline formed since the February low of around $0.24. The previous resistance at $0.2676 has now turned into support, signaling a positive short-term outlook. Technical indicators show the Parabolic SAR is near $0.2583, forming a secondary support zone. Resistance above is concentrated between $0.2771 and $0.2792, where multiple moving averages converge. A breakout above this range could target $0.30 and further test the super trend resistance near $0.3099.
On the 4-hour chart, ADA remains within an upward correction channel. If bullish momentum continues, the price could challenge $0.295, $0.305, $0.31, and $0.32 sequentially. However, a break below the $0.26 support zone could turn the short-term trend bearish, with next support levels at $0.25 and $0.245.
On the ecosystem front, new catalysts are emerging. The cross-chain protocol Wanchain has processed about $130 million in Cardano cross-chain transactions, with net inflows exceeding $80 million. Additionally, the stablecoin USDCx has launched on the Cardano network, backed by Circle’s USDC, aiming to provide stable liquidity for DeFi ecosystems.
March will also see several key upgrades, including the hard fork upgrade of protocol version 11 and improvements to the Plutus smart contract platform. Meanwhile, the privacy sidechain Midnight plans to go live on the mainnet. Asset management firm Grayscale has increased its allocation of ADA within its smart contract platform fund. On-chain data also shows that large wallet addresses have been accumulating ADA ahead of the upgrade, keeping the market highly attentive to Cardano’s price movement in March.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polkadot Faces Risk of Sharp Decline as Negative Signals Intensify
Polkadot (DOT) price continues to extend its downtrend, falling below the $1.40 threshold as recorded on Wednesday, following a slight weakening in the previous session. This downward momentum is reinforced by a weakness in derivatives indicators, along with a series of increasingly negative technical signals, indicating ris
TapChiBitcoin31m ago
SOL Is on Its Way to $102 As Ascending Channel Shows Altcoin Ready to Pump 110% Surge: Analyst
Solana (SOL) shows potential for price increase as it stabilizes within an ascending channel, indicating strong buying momentum. Currently priced at $92.48, SOL could rise to $102 if it breaks resistance, with market optimism supported by a bullish index rise.
BlockChainReporter33m ago
BTC Drops 0.57% in 15 Minutes: ETF Capital Deceleration and Derivatives Short Positioning Create Synchronized Selling Pressure
2026-03-25 12:15 to 12:30 (UTC), BTC recorded a -0.57% return within 15 minutes, with price range between 71126.1 to 71751.0 USDT, and amplitude of 0.87%. Market attention increased during this period, with notably intensified volatility, indicating elevated short-term capital participation and shrinking risk appetite.
The primary driver of this movement is the marginal slowdown in ETF capital inflows, weakened buying power in the spot market, and some holders choosing to reduce positions at higher levels. Combined with the derivatives market dominated by short positioning structure, negative funding rates persisting, and longs
GateNews1h ago
ETH drops 0.86% in 15 minutes: On-chain whale transfers and contract long liquidations amplify selling pressure
2026-03-25 12:15 to 12:30 (UTC), ETH experienced a sharp yield decline of -0.86% in an extremely short timeframe, with a price range between 2167.58 to 2191.55 USDT, reaching an amplitude of 1.09%. During this period, market attention surged rapidly, with trading activity and volatility intensifying in sync, resulting in significant short-term price movements that attracted substantial investor focus.
The primary driver of this anomaly was an on-chain whale depositing 13,739 ETH (approximately $28.96 million) in concentrated fashion into a major exchange, triggering sensitive market expectations regarding short-term selling pressure. Immediately following this…
GateNews1h ago
Institution: Circle Stock Price Plunge May Be Misinterpreted, New Stablecoin Regulations Mainly Target Distribution End
Research firm Bernstein points out that the market misinterpreted the Clarity Act draft, causing Circle's stock price to plummet. The bill restricts stablecoin yield distribution, not issuance, so the impact on Circle's business model is limited. In contrast, a certain CEX needs to restructure its revenue mechanism. In the long term, restricting passive income may benefit Circle in consolidating its market position.
GateNews1h ago
