TL;DR
- Cardano (ADA) reached $0.4162 after rising 1.62%, while whale activity and the order book indicate growing buying pressure.
- The OI-weighted funding rate turned positive, and large spot and futures orders suggest that buyers aim to push toward $0.50.
- Cardano found support at $0.39 and rebounded from the lower wedge boundary; RSI and MACD indicate that bearish pressure is starting to ease.
Cardano is attempting to stabilize again after gaining 1.62% in the past 24 hours, trading at $0.4162. This rise follows several days of downward pressure and aligns with on-chain and technical signals showing that buyers are regaining control.
Whale activity, derivatives indicators, and chart structure suggest that ADA could be preparing a rebound toward the $0.49–$0.50 zone, provided buyers maintain their momentum.
CryptoQuant data show that whales returned to placing large spot and futures orders. This gradual accumulation has produced more consistent buying dominance and allowed the order book structure to stabilize, reducing volatility.
At the same time, Cardano’s Open Interest-Weighted Funding Rate on Coinglass turned positive, reaching around 0.0014%. This indicates that long traders are paying shorts, signaling that the prevailing expectation points to price increases. Historically, similar funding shifts precede relief rallies, reinforcing a short-term bullish outlook.
ADA Found Support and Seeks to Advance Toward $0.49 Resistance
Technically, ADA found support at the lower boundary of a falling wedge over the weekend and rebounded roughly 6% within 48 hours. The price is now seeking consolidation to move toward the $0.49 resistance. A daily close above this level would open the path to the psychological $0.50 mark, which tends to attract additional momentum when buying pressure remains. Momentum indicators also show signs of recovery: the RSI has risen from oversold levels near 30, and the MACD is approaching a bullish crossover, which typically supports continuation if volume follows.
However, a pause in demand or a pullback from whales could drag ADA toward the critical $0.39 support, the wedge’s lower boundary and last line of defense before a deeper correction. For now, the combination of accumulation, positive funding, and technical signals suggests that ADA could attempt to regain ground and approach $0.50, although sustaining momentum will be decisive
