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Cardano extended its correction on Thursday as sellers kept ADA below the $0.29 area. ADA traded near $0.272 and fell about 8% on the day after moving between roughly $0.268 and $0.296.
CME Group said it plans to launch Cardano futures on February 9, pending regulatory review. CME also plans new futures tied to Chainlink and Stellar (Lumens).
ADA price has posted consecutive down sessions and has held under $0.29 during the latest pullback. Sellers have controlled the short-term trend as the token trades near multi-month lows.
Traders have treated the $0.27 area as a key support zone. Thursday’s session low near $0.268 kept that level under pressure and increased the risk of another leg lower if buyers do not defend it.
At the same time, traders are watching a possible bullish divergence on the daily chart. The pattern appears when ADA posts a lower low while the Relative Strength Index (RSI) rises. That combination often signals fading selling momentum if price holds key support.
Analysts have also highlighted a prior instance of this divergence structure. From early November through late December 2025, ADA formed a similar divergence and later rallied about 32% once momentum flipped.
On-chain tracking also showed large-holder accumulation. Wallets holding between 1 million and 10 million ADA increased combined balances by about 100 million ADA since January 12, which equates to more than $36 million at current ADA levels.
Holder behavior split by time horizon. Spent-coin activity among 6-to-12-month holders fell by more than 99% to a monthly low, while activity among 30-to-60-day holders rose by more than 300%, which can amplify supply swings if price rebounds.
Also Read: Cardano Eyes Breakout With Rising Buyer Demand and Multi-Year Trendline Support
CME Group said it will list Cardano (ADA), Chainlink (LINK), and Stellar (Lumens) futures on February 9, pending regulatory review. CME described the products as part of its regulated cryptocurrency derivatives suite.
CME will offer two ADA contract sizes. The standard ADA futures contract will represent 100,000 ADA, while the Micro ADA futures contract will represent 10,000 ADA.
Sentiment data has also shown fast reversals. Santiment reported a spike in bullish social sentiment after a Charles Hoskinson interview, followed by a price drop soon after, which showed how quickly crowd positioning can change during a downtrend.
