Cardano has dipped to $0.64 after shedding almost 7% last week, while derivatives metrics flash warnings of deeper trouble ahead. Open interest has plunged to $112.82 million, marking the year’s lowest point and echoing levels unseen since November 2024.
Short positions have surged, pushing the long-to-short ratio down to 0.85, the bleakest in a month. Bears now dominate, with technicals pointing toward a slide under $0.60 if support at $0.56 crumbles.
As Cardano falters, investors chase cheap crypto with real utility, eyeing 420% post-launch gains for early entrants. This shift underscores a broader hunt for the top crypto to buy before rebounds ignite.
Cardano Faces Mounting Downside Pressure
Traders have watched Cardano hover near $0.65 on Monday, rebounding faintly from Friday’s close below $0.64. Rejection at the 61.8% Fibonacci line of $0.73 had triggered a 15% drop earlier. Now, open interest’s yearly low signals fading participation, amplifying bearish bets.
The RSI lingers at 37 on daily charts, well under neutral territory, as bears grip momentum tightly. MACD’s bearish crossover from early October persists, reinforcing this grim setup. Consequently, analysts foresee ADA testing $0.56 next, potentially breaching $0.60 if volume stays tepid. However, a weekend uptick hints at fragile recovery potential toward $0.73. Still, derivatives data screams caution.
Whales, sensing overextension, redirect funds to resilient altcoins. This move highlights why the best crypto to buy now lies beyond faltering giants like Cardano.
Mutuum Finance Presale Accelerates
Mutuum Finance (MUTM) has advanced into Phase 6 of its 11-phase rollout, reporting over $17,750,000 raised since inception and amassing 17,340 holders. Currently, this stage stands 70% full at a price of $0.035 per token, a significant climb from the Phase 1 entry price of $0.01.
Phase 6 is closing rapidly. Phase 7 will follow with a scheduled price adjustment. The team has completed its CertiK audit, earning a 90/100 token score for security.
Moreover, Mutuum Finance launched a bug bounty program partnering with CertiK, allocating $50,000 USDT across four severity tiers: critical, major, minor, and low. Each vulnerability level carries tailored rewards. Developers recently unveiled a dashboard featuring a 24-hour leaderboard of top 50 holders.
Daily, the number-one spot earns a $500 MUTM bonus, contingent on one transaction in that window; resets hit at 00:00 UTC. Leading buys from the past day included $7,036.48 and $6,619.13, fueling competitive stakes.
Mutuum Finance has announced its lending and borrowing protocol’s development, targeting V1 on Sepolia Testnet in Q4 2025. Core elements encompass liquidity pools, mtTokens, debt tokens, and liquidator bots. Initial assets will span ETH and USDT for lending, borrowing, or collateral.
Borrow interest rates derive from utilization, keeping liquidity balanced: low when abundant, rising to spur repayments amid scarcity. Stable rates offer predictability for some, locking in at borrowing with slight premiums over variables, subject to rebalancing if markets shift sharply.
Overcollateralization guards positions, triggering liquidations below thresholds via bonuses for swift actors. Deposit and borrow caps limit exposures, especially for volatile tokens. Thus, safeguards fortify the system. In tandem, this setup positions Mutuum Finance as a defi crypto built for endurance, contrasting Cardano’s wobbles.
Giveaway Ignites Participation
Mutuum Finance has rolled out a $100,000 MUTM giveaway, splitting prizes among 10 winners at $10,000 each to herald the presale. Participants submit wallet addresses for secure claims, complete quests fully, and invest at least $50 minimum. Eligibility hinges on these steps alone.
Conclusion
Cardano is facing market turbulence, evidenced by the drop in open interest and sustained bearish technical indicators. This volatility is driving large-volume investors to seek alternatives with strong utility foundations. Mutuum Finance, currently in its presale phase, is advancing with reports of significant funds raised, a CertiK audit, and the imminent launch of its V1 lending protocol on the Sepolia Testnet. Its comprehensive risk management system and engagement incentives position it as a resilient DeFi project that is being closely monitored as the market seeks stability and growth opportunities.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Disclaimer: The content of this article is a paid advertisement and is intended for informational purposes only. It is not, and should not be construed as, financial advice, investment advice, trading advice, or a recommendation for any financial product. Readers should conduct their own research and due diligence before making any investment decisions. Any reference to past performance is not a guarantee of future results.
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