Cardano seems to be hitting a bottom these days, and the futures market is interesting. Last week, it dropped over 4%, but it has been holding around $0.257 for a while now. There are signs of movement trying to break out of the oversold zone.

What's more intriguing is that the funding rate has turned positive(to a positive value). In simple terms, a positive funding rate means that long position holders are starting to pay short sellers, which is a signal that the market expects an upward move. The funding rate is around 0.0045%, and the long-short ratio has risen to 1.09. Traders are definitely starting to bet on a rise.

Technical signals are also showing signs. The RSI has fallen to 32.7 and is rebounding, indicating weakening selling momentum. However, a true rebound is only confirmed if it breaks through the 9-day moving average at $0.266. If it gets stuck here, it could fall again, but if it breaks through, it could reach $0.301, or even as high as $0.325.