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Cardano's ADA token rises 3% in an hour despite 24-hour decline and $200K short liquidations.

Market News
28 Sep 2026
Tokenpost
View Source
Bullish
Cardano's ADA token rises 3% in an hour despite 24-hour decline and $200K short liquidations.

Cardano's ADA cryptocurrency token increased by 3.01% within one hour, reaching $0.2529 as of September 28, 8:22 a.m. ET. This rise came despite ADA being down 1.60% compared to its price 24 hours earlier. During the same hour, short position liquidations on major exchanges Binance, Bybit, and OKX totaled $200,000, while no long liquidations were recorded. This indicates some short-term buying interest amid broader recent weakness in ADA's price.

Cardano's ADA trades at Rp4,531 on Pluang, down 2.33% over the past day as of Sep 28, 2026 19:51 WIB. Despite the recent short-term price rise noted in the article, Pluang data shows a majority of sell orders at 66%, with a typical hold time of 126 days among investors. The circulating supply is 36.8 billion ADA, representing 82% of the total 45 billion supply, indicating a substantial market presence on the platform.

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