Main notes
- The closure of the long position led to the decrease of Ada, with an open interest rate by 9.48 % and the 92.94 % decrease options.
- The support level of $ 0.75 is in line with the Keltner channel foundation for 20 days and represents the decisive technical defense.
- Keeping more than $ 0.75 can enable the recovery about $ 1.00, while failure may lead to a slide to $ 0.70.
Cardano
Lead
0.82 dollars
24 hours fluctuation:
7.0 %
The maximum market:
$ 29.56 b
Folder. 24h:
$ 1.68 b
LED losses on Altcoin Market on July 23, 10.23 % decreased during the day to a decrease of $ 0.82. Beyond ripples
Xrp
$ 3.22
24 hours fluctuation:
8.8 %
The maximum market:
190.49 dollars b
Folder. 24h:
$ 10.38 b
The symbol was the second largest loser among the top 10 performances, as traders moved to the gains after ADA reached $ 0.93 for the first time in more than four months of this week.
Cardano Derivatives Analysis | Source: Coinglass, July 23, 2025
Trading measures derived from Coinglass He suggested that Cardano traders were having long exposure instead of dumping stirring.
The open interest of the distinctive symbol decreased by 9.48 % to $ 1.53 billion, and is closely parallel to the immediate price correction during the day. The size of the options decreased by 92.94 % also confirms that the majority of movement was driven by long closed sites, not new shorts.
ADA Prices Predict: Why ADA should carry $ 0.75 support
Technically, the $ 0.75 region represents a decisive support for bulls. It is located near the Keltner channel for 20 days and coincides with the previously broken resistance level, which ADA recovered earlier this month.
The loss of this field will not only nullify the last penetration pattern, but also risk the skill of a series of long qualifiers, as $ 10.2 million has been eliminated within the past 12 hours.
Cardano Prices (Ada)
Traders who entered the Eda period in July now may wait to re -test the main support levels, primarily near $ 0.75, and it was characterized by the Keltner channel for 20 days. Maintaining this level can increase the renewed bullish interest, especially since the distinctive symbol remains higher than the moving average for 50 days, and the daily relative strength index donates near 63 after entering a short period.
If ADA exceeds $ 0.75 and settles the size, the bulls may reinforce a new attempt about $ 1.00. On the other hand, the failure to obtain support can be seen about $ 0.70.
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The best prior portfolio
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post ADA Holds Critical $0.75 Support After Open Interest Drops 9.48% – Rally or Crash Ahead? first appeared on Investorempires.com.
