TLDR ADA is trading around $0.24 after a two-week correction Whales accumulated 230 million ADA tokens between Wednesday and Monday The long-to-short ratio sitsTLDR ADA is trading around $0.24 after a two-week correction Whales accumulated 230 million ADA tokens between Wednesday and Monday The long-to-short ratio sits

Cardano (ADA) Price: Whale Accumulation Rises But Bearish Signals Keep Traders Cautious

2026/03/30 15:23
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TLDR

  • ADA is trading around $0.24 after a two-week correction
  • Whales accumulated 230 million ADA tokens between Wednesday and Monday
  • The long-to-short ratio sits at 1.14, showing more traders are betting on a price rise
  • ADA remains below key moving averages, with RSI at 41 signaling weak momentum
  • Analyst Ali Charts flagged a channel breakout, pointing to a potential drop to $0.22

Cardano (ADA) is trading around $0.24 on Monday, recovering slightly after a two-week slide. The price is still down more than 4% over the past week, and technical indicators continue to lean bearish.

Cardano (ADA) PriceCardano (ADA) Price

Despite the weak price action, some on-chain data is showing early signs of interest from larger holders. According to Santiment data, whales holding between 100,000 and 1 million ADA, and those holding between 10 million and 100 million ADA, accumulated a combined 230 million tokens from Wednesday to Monday.

Source: Santiment

Not all whale groups were buying, however. Wallets in the 1 million to 10 million ADA range shed around 30 million tokens over the same period, pointing to a possible capitulation from that cohort.

On the derivatives side, CoinGlass data shows ADA’s long-to-short ratio at 1.14, near its highest point in over a month. A ratio above 1 means more traders are positioned for a price increase than a decrease.

CryptoQuant data also reflects a mostly neutral market with a slight bullish tilt, with large whale orders visible in both spot and futures markets.

Technical Picture Stays Weak

Despite these signals, the price chart tells a more cautious story. ADA is trading below both its 50-day and 100-day exponential moving averages, and both are trending downward.

The RSI sits at 41, which reflects weak momentum without being in oversold territory. The MACD line has dropped back below both the signal line and the zero mark, with the histogram showing renewed downside pressure.

Immediate support sits at $0.23. A break below that level could push Cardano toward $0.22. On the upside, resistance is at $0.26, with a stronger barrier around $0.29.

Analyst Flags Channel Break

Crypto analyst Ali Charts posted on X that Cardano has broken out of its price channel, with the move opening the door to $0.22. The post was made roughly 12 hours ago and aligns with the broader bearish technical setup seen across multiple indicators.

ADA approached a support zone near $0.237 after being rejected from $0.275 earlier in the week. The Chaikin Money Flow indicator has dropped deep into negative territory, suggesting capital is flowing out of the asset.

Repeated tests of the $0.23 to $0.24 support zone are gradually weakening it. If that zone breaks, the next major support sits at $0.20.

The post Cardano (ADA) Price: Whale Accumulation Rises But Bearish Signals Keep Traders Cautious appeared first on CoinCentral.

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