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Cardano Retraces Gains, Open Interest Slumps, and BTC Dominance Rises: Short-Term Bearish Sentiment Prevails

June 29 (Cointime) - The writer's opinion is presented and it is not financial advice. The Open Interest of Cardano has decreased, indicating bearish sentiment. Despite a recent dip, ADA bulls may attempt to push prices higher after a nearby bullish order block. Bitcoin dominance has been trending higher since mid-June, causing the altcoin market to lag behind.

Cardano's price has retraced most of its recent gains, but there is still potential for a move back to $0.3. The sentiment is currently bearish in the short-term, with a potential drop below $0.254 reinforcing the trend.

Bitcoin Bitcoin $95,855.60
-0.37%
Cardano
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