Cardano price outlook: Potential for ADA to reach $0.245

Cardano is trading near $0.222 following a 15% rally last week. Market data shows a long-to-short ratio of 0.94, suggesting a slightly bearish sentiment, though positive funding rates and significant whale activity offer mild bullish signals. Technical indicators, including the RSI and MACD, point toward strengthening upward momentum as the asset attempts to extend its recovery toward the $0.245 resistance level.