Cardano Price Faced Resistance Near $0.99 As Shorts Risked $164 Mln

The Coin Republic
The Coin Republic
ADA+0.71%

Key Insights:

  • Cardano price faces key resistance at $0.99, breaking which could trigger a massive rally.
  • Analysts said more than $164 million in shorts were exposed.
  • Derivatives data showed liquidation risk across Binance, OKX, and Bybit.

Cardano price moved toward a key resistance area in late August 2025. Analysts said this level carried added importance as a large cluster of short positions risked liquidation if broken.

Could the breach of $0.99 trigger forced buying in the ADA market?

Cardano Price Tested Critical Resistance Levels

Cardano price moved steadily higher and traded near $0.83 at press time. The asset approached the $0.99 level, described by analysts as a short-term resistance threshold.

Analyst Berke Oktay identified $1.19 as the next major barrier if ADA surpassed $0.99. He said that a successful breakout could leave little resistance before the prior peak near...

Show original
Visit source
5.65K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.