Cardano price nears $0.20 as traders keep betting on a rebound

Cardano [ADA] traded around $0.204 on October 26, giving its holders a little relief after losing 21% over the past month. Its small 0.28% daily gain left it close to the $0.20 price level, where buyers face another test. But despite the decline, some traders have not given up on the expectations of a recovery. CoinGlass data showed more accounts betting on the prices rising than prices falling, creating a gap between traders’ positioning and ADA’s recent performance. Rebound hopes survive a difficult month ADA’s weekly loss stood at 7.58%, according to data seen on CoinGlass.