Cardano Price Near Key Level: $109M Short Positions Loom

Cardano price is edging closer to a significant level, with its current trading at around $0.87. While modest gains of 0.37% have been recorded over the past 24 hours, market activity remains quiet as ADA’s price range hovers between $0.8465 and $0.8752 within a tight trading band. However, on-chain signals point towards a potential surge if prices break through key resistance levels. Over $109 million in short positions are poised to be liquidated if ADA breaks through the $0.99 barrier.