Update
Cardano (ADA) Sell Wall Below $0.18
Cardano (ADA) is facing selling pressure below $0.18, with large sell orders reported on major cryptocurrency exchanges. A sell wall of about $477,000 at $0.179 on Bitget's spot market and a sell wall of around $415,000 near this price level on Crypto.com's spot market have been observed. CoinGlass data also shows a sell wall of about $445,400 at $0.177 on Binance's futures market. Open interest in Cardano's derivatives market has increased by 5.42% to $395.09 million over the past day, indicating rising trader participation and new positioning. However, buy walls are also present in the $0.17 and $0.175 range, suggesting potential buying interest.