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English (US) Previous article Cardano whales buy the dip as ADA reclaims $0.211 Next article Home Latest
Cryptocurrency News Cardano whales buy the dip as ADA reclaims $0.211 Cardano whales buy the dip as ADA reclaims $0.211
Key takeaways Cardano slipped to around $0.210 after losing more than 7% this week. Whales holding between 10 million
and 100 million ADA accumulated 160 million tokens since Sunday. ADA’s long-to-short ratio fell to 0.74,
indicating that bearish positions dominate the derivatives market. Cardano is trading at $0.210 on Friday after
declining more than 7% since the beginning of the week. Despite the pullback, on-chain data shows that some large
investors are accumulating ADA. However, conflicting derivatives and on-chain signals suggest traders remain
uncertain about whether the cryptocurrency can recover or extend its decline. Cardano whales accumulate 160 million ADA
Santiment’s Supply Distribution data shows that large Cardano holders have been buying ADA during the latest price
correction. Wallets holding between 10 million and 100 million ADA accumulated approximately 160 million tokens since
Sunday. The purchases indicate that some whales continue to view the lower prices as a long-term buying opportunity.
However, the accumulation has yet to generate enough demand to reverse ADA’s short-term decline. Whale buying
during a pullback can support a positive longer-term outlook, but it does not guarantee an immediate
recovery—particularly when broader market sentiment remains cautious. Cardano’s derivatives indicators
present a mixed outlook. CoinGlass data shows that ADA’s long-to-short ratio stood at 0.90 on Friday, approaching
its lowest level in more than a month. A ratio below one indicates that more traders hold short positions than
long positions, reflecting expectations of further price declines. The reading suggests that bearish traders continue to
dominate the derivatives market despite the recent accumulation by whales. ADA’s funding rate paints a slightly
more optimistic picture. CoinGlass data shows that the token’s open interest-weighted funding rate turned positive
on Thursday and reached 0.0013% on Friday. A positive funding rate means traders holding long positions are paying those
with short positions. This typically indicates that bullish positions are becoming more prominent, even though the
long-to-short ratio continues to favor sellers. The divergence between the two indicators highlights the uncertainty
surrounding Cardano’s near-term direction. CryptoQuant’s summary data supports this cautious view. Although
the futures market has recorded large whale orders, selling activity remains dominant, while several other indicators
are neutral. Together, the metrics point to indecision rather than a clear bullish or bearish trend. Cardano holds above
key moving averages ADA traded around $0.210 on Friday after losing more than 7% during the week. Despite the decline,
Cardano remains above its 50-day and 100-day Exponential Moving Averages at $0.190 and $0.197, respectively.
Holding above these averages gives ADA a slightly bullish short-term bias, although the token continues to trade below
significant overhead resistance. Momentum indicators are also cooling. The Relative Strength Index has retreated toward
the upper-50 region, while the Moving Average Convergence Divergence histogram is contracting. These readings suggest
that the buying momentum behind Cardano’s recent rebound is weakening. Cardano’s first major resistance sits
at $0.213, corresponding with the 50% Fibonacci retracement level of its latest decline. A close above this level could
allow ADA to target the 61.8% Fibonacci retracement at $0.231, followed by horizontal resistance at $0.236. Beyond those
levels, ADA faces a significant supply zone between the $0.245 horizontal resistance and the 200-day EMA at $0.246. A
decisive break above this area would strengthen the bullish outlook and potentially clear the way for further gains. On
the downside, immediate support sits near the 38.2% Fibonacci retracement level at $0.195. This region is reinforced by
the 50-day and 100-day EMAs, making it an important support cluster for Cardano bulls. A sustained close below it could
expose the 23.6% Fibonacci retracement level at $0.173. If selling pressure intensifies and ADA loses $0.173, the token
could retreat toward its stronger structural support around $0.150. For now, whale accumulation offers some
encouragement, but mixed derivatives data and weakening momentum leave Cardano’s short-term recovery uncertain.
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