Cardano (ADA) Price: Holds Support as Whale Accumulation Hits Four-Month High

TLDR

• ADA is trading around $0.25, rejected from key resistance earlier this week
• Long liquidations hit roughly $545K in 24 hours, with open interest near $412 million
• The long-to-short ratio sits at 0.84, reflecting bearish sentiment among derivatives traders
• Cardano’s mainnet crossed 120 million total transactions, a new all-time high
• Whale wallets holding 10M+ ADA reached a four-month high of 424, up 5.2% in nine weeks

Cardano (ADA) is trading around $0.25 on Friday after being rejected from key resistance earlier in the week. The price sits below its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between $0.27 and $0.40.

The selloff hit leveraged positions hard. CoinGlass data shows roughly $545K in long liquidations over the past 24 hours, with total ADA futures liquidations near $626K. Open interest remains elevated at around $412 million.

The OI-weighted funding rate recently turned negative, meaning traders are paying to hold short positions. That kind of setup can limit upward price moves until spot demand picks back up.

The long-to-short ratio for ADA stands at 0.84, according to CoinGlass. A reading below 1.0 means more traders are betting on further price declines than a recovery.

The daily RSI is hovering in the mid-40s, just below the neutral 50 mark. The MACD line is marginally positive, but the Supertrend signal remains red. Together, these indicators point to a weak, range-bound market rather than a clear directional move.

Macro conditions added pressure this week. Bitcoin slipped below $71,000 following news of a U.S.-Iran ceasefire, triggering profit-taking across major assets. ADA tends to follow BTC lower quickly in these conditions.

Whale Accumulation Grows Quietly

On-chain data from Santiment shows 424 wallet addresses now hold at least 10 million ADA. That is a four-month high and represents a 5.2% increase over nine weeks. Large holders expanded their positions while price stayed weak.

ADA’s price is up roughly 11% from its February 5 low, though it has not broken away from the broader altcoin trend in 2026.

Immediate support sits at $0.24. A daily close below that level would break a horizontal channel that has held since early February and bring the $0.2328 March 29 low into focus. Below that, the $0.2205 February low is the next key level.

Network Activity Hits Record High

Despite the price weakness, Cardano’s network activity is growing. Blockchain explorer Cexplorer confirmed that total transactions on the Cardano mainnet crossed 120 million, with the count standing at 120,002,067 at time of reporting.

On the upside, ADA needs to reclaim the 50-day EMA near $0.268 to ease near-term selling pressure. Analysts have identified $0.299 as the next major resistance level if that happens. The $0.24 to $0.25 zone remains the immediate battleground for buyers.

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