source | 03/05/2026
Cardano Price Analysis: Approaches key trendline amid bearish sentiment
Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing on Thursday, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest (OI) continuing to fall and short bets rising among traders. On the technical side, price action holds below the long-standing descending trendline, keeping the downside bias intact.
Top Crypto Gainers: Decred, Zcash, and Dogecoin lead recovery as Bitcoin crosses $72,000
Decred is up 7% at press time on Thursday, building gains over the 7% rise from the previous day. The near-term bias is mildly bullish as DCR holds well above the upward-sloping 50-, 100-, and 200-day EMAs. The privacy coin trades above the 50% retracement level at $31.54, measured from the November 4 high of $70.00 to the December 23 low of $14.21. A decisive close above this level could target the 61.8% Fibonacci retracement level at $38.07.
Ethereum Price Forecast: ETH jumps alongside a spike in open interest, realized price could limit upside
Ethereum (ETH) has jumped above $2,100 on Wednesday, following a general recovery across the crypto market. The move was accompanied by a spike in Ethereum’s open interest (OI), which has increased to 13.43M ETH — its highest level since January 31. The top altcoin’s OI has been rising since February 19, adding 1.2M ETH over the past two weeks. The growth comes amid $152 million in Ethereum liquidations over the past 24 hours, dominated by $129 million in short liquidations, according to Coinglass data.
Disclaimer: This article is not financial advice. Meme coins are extremely risky and speculative. Most investors lose money. All data is accurate as of January 05, 2026. Never invest more than you can afford to lose.
