The post Will Cardano Price Rise After CME ADA Futures Launch on Feb 9? appeared on BitcoinEthereumNews.com. Cardano price hovered below $0.26 on Friday after postingThe post Will Cardano Price Rise After CME ADA Futures Launch on Feb 9? appeared on BitcoinEthereumNews.com. Cardano price hovered below $0.26 on Friday after posting

Will Cardano Price Rise After CME ADA Futures Launch on Feb 9?

Cardano price hovered below $0.26 on Friday after posting consecutive red candlesticks throughout the week. Following a sharp 20% drop, ADA continued its correction, trading at $0.25685 in the past 24 hours.  Investors are now awaiting the potential impact of CME ADA Futures set to launch on February 9.

This is down because the larger crypto market is experiencing a pullback; its drop is 5.2% and now stands at 2.28 trillion. The recent decline of BTC price below $65,000 was accompanied by bear market panic, which impacted major currencies, including Ethereum, SOL, and XRP. 

Trading volume grew by 123% to $1.42 billion, indicating that the market is liquid and traders are selling off. This downward trend has drawn the Cardano price to levels that it has not witnessed since October of 2023.

Cardano Futures Set to Launch on CME on Feb 9

Cardano futures will officially be launched on the CME derivatives exchange on February 9, 2026, and will add to the crypto offerings of the exchange. Standard and micro Cardano futures contracts will also be introduced by CME that will serve the needs of different types of institutional traders.

The standard contract will reflect 100,000 ADA and will give large traders a wider exposure to the price movements of Cardano. Conversely, the micro contract will entail 10,000 ADA per contract, reducing the amount of capital to participate, but still, full regulatory control is ensured.

Besides Cardano, futures of Stellar and Chainlink will also be introduced on the same day, providing an institutional trader with a broader range of digital assets. These new futures products shall be on the CME CF New York Variant Index to provide transparent pricing, which will bring the traders certainty about the accuracy of the market.

These crypto futures add further to the presence of CME in the expanding digital world. This initiative offers greater hedging or speculation options to institutional traders of cryptocurrencies. This may have the potential to spike demand and lead to an upswing in Cardano price, given overall market circumstances.

The ADA long-to-short ratio fell to 0.90, which is a negative indicator, since many traders expect the price to decrease further. This ratio that is less than one, indicates a negative market sentiment.

Also, the open interest (OI) of futures in Cardano fell to the lowest since early November 2024, dropping to $90 million, a gradual decline since the middle of January.

Will Cardano Price Hold Steady at $0.25?

As of the reporting, the ADA price decreased to $0.2523. This drop follows a period of fluctuation in Cardano’s market performance.

In the past few days, the ADA was on a negative trend, and it hit lows surrounding the support zone of $0.25.

The Relative Strength Index (RSI) is 28.10, which means that it is oversold and that it may experience a price rebound.

The MACD indicator illustrates a negative momentum, and the MACD line has been below the signal line, strengthening the bearish position.

The future Cardano price outlook next target levels lie at the immediate support around $0.25, with a breakout above $0.30 offering a path for recovery.   

However, with bears still in play, the price of Cardano might even fall to lower support at around $0.23 or even to below $0.20.

Source: ADA/USDT 4-hour chart: Tradingview

To sum up, the introduction of CME ADA Futures on February 9 may lead to an increase in the price of Cardano in case of institutional attention. Nonetheless, as market pessimism continues and ADA is in a bearish trend, a major rebound is not certain.

Source: https://coingape.com/markets/will-cardano-price-rise-after-cme-ada-futures-launch-on-feb-9/

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