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
ETH drops 1.36% in 15 minutes: Deteriorating macro sentiment and liquidity crunch trigger spot selling pressure
From 02:45 to 03:00 on March 8, 2026 (UTC), ETH prices fluctuated sharply within the range of 1,936.0 to 1,969.18 USDT. The 15-minute candlestick yield was -1.36%, with an amplitude of 1.68%. The short-term downtrend intensified, market attention significantly increased, trading activity was high, and panic sentiment dominated.
The main driver of this anomaly was the widespread decline in global risk assets and escalating extreme panic sentiment. Major US stock indices experienced a sharp pullback, and the VIX fear index soared to 29.49 (+24.17%), leading to
GateNews1h ago
BTC drops 0.71% in 15 minutes: Weak macro data and miner sell-off resonate, increasing selling pressure
2026-03-08 02:45 to 03:00 (UTC), Bitcoin (BTC) price candlestick data shows a 15-minute return of -0.71%, with the lowest at 66,837.0 USDT and the highest at 67,402.7 USDT, with an amplitude of 0.84%. Short-term volatility has attracted market attention, with on-chain risk signals rising to 0.84, above the historical average, indicating cautious investor sentiment and increased market fluctuations.
The main driver of this anomaly is the US February employment data, which significantly underperformed expectations, with a sharp decrease in new jobs and the unemployment rate rising to 4.4%, combined with the US
GateNews1h ago
The US-Iran conflict enters the second phase: Trump emphasizes "no ground action for now," airstrikes have destroyed over 3,000 targets, Bitcoin drops to 67,000.
Trump stated that the U.S. military currently has no plans to deploy ground troops, mainly conducting airstrikes, and has destroyed over 3,000 Iranian military targets. Market risk aversion has increased, with Bitcoin dropping to $67,000. The fighting continues between both sides, and Iran has vowed to retaliate.
動區BlockTempo2h ago
PEPE faces volatility risk as the threat of a "short squeeze" increases
The memecoin market is experiencing a significant downturn as the total industry capitalization has dropped by 48% over the past year and declined another 6.9% in the most recent month, according to data from CoinMarketCap. Meanwhile, a report from Glassnode indicates that this sector has only grown modestly by 2.2% in the past t
TapChiBitcoin2h ago
Willy Woo: BTC's early decline was too rapid, and it is now creating conditions for a rebound to $85,000.
On March 8th, analyst Willy Woo pointed out that Bitcoin faced resistance near $75,000, but since mid-February, capital flows have been recovering, and market sentiment may shift toward risk appetite. Although there is a short-term rebound opportunity, in the long term, Bitcoin remains in the mid-stage of a bear market and may experience sideways consolidation and test resistance levels.
GateNews2h ago
