Cardano (ADA) Price: Bears Remain in Control as Whales Begin Accumulating

TLDR

• ADA is currently priced at $0.2449, resting on a significant multi-year support zone
• Market sentiment in derivatives remains bearish, characterized by declining open interest and negative funding rates
• Large-scale investors purchased 270 million ADA tokens from Wednesday through Friday
• Cardano’s daily active user count stays under 900, significantly lower than its peak levels
• Market analyst Ali Charts identified $0.245 as a vital support threshold to monitor

(SeaPRwire) –   At the time of reporting, Cardano (ADA) is valued at $0.2449, fighting to maintain a support floor established in 2022. A recent price drop of almost 6% has largely erased the gains from a brief recovery earlier in the week.

Since February, the general market trend has moved sideways. This week, bearish pressure has controlled the price, driving ADA toward the bottom of its current trading range.

ADA is presently positioned under its 50-day and 100-day Exponential Moving Averages (EMAs). With the daily Relative Strength Index (RSI) at approximately 43, below the neutral 50 mark, upward momentum appears limited.

The MACD has crossed back under its signal line near the zero threshold, highlighting a lack of consistent buying interest and indicating that ADA is still undergoing a corrective phase.

Open Interest in futures has decreased to $402.94 million, continuing a downward trend that began in mid-March. This reduction suggests a drop in market participation and reinforces a wary short-term outlook.

CoinGlass data shows a long-to-short ratio of 0.83, marking a one-month low. This figure indicates that a majority of traders are betting on further price declines.

Funding rates have turned negative at -0.0015%, meaning those with short positions are paying long holders. This reflects the prevailing bearish sentiment in the futures sector.

Whale Activity Picks Up Near Key Support

While derivatives show bearish signs, on-chain metrics provide a different perspective. Large holders with 100,000 to 1 million ADA, along with those holding 10 million to 100 million ADA, collectively bought 270 million tokens between Wednesday and Friday.

Conversely, wallets containing 1 million to 10 million ADA sold roughly 20 million tokens in that timeframe, indicating potential capitulation while even larger investors capitalized on the price dip.

According to CoinGlass, a strong buy wall exists near $0.24, as whales opened $31 million in net long positions on Binance and OKX perpetuals. However, spot trading volume remains subdued, suggesting major buyers might be waiting for the bearish trend to subside.

Network Activity Remains Subdued

Network engagement for Cardano has been sluggish throughout March. Since mid-December, daily active users have consistently stayed under 900, a sharp contrast to the tens of thousands seen previously.

The total number of Cardano holders saw a minor increase from 4.3 million to 4.44 million, potentially signaling accumulation at lower prices during this period of consolidation.

Key Price Levels to Watch

Regarding potential price drops, the primary support is located at $0.24. A daily close under this level could lead to a decline toward $0.23–$0.22. Conversely, resistance is found at $0.27, with a more significant hurdle at $0.30.

$0.245 is the key support level to watch for Cardano $ADA. pic.twitter.com/JlSk80SnNM

— Ali Charts (@alicharts) March 28, 2026

Analyst Ali Charts highlighted $0.245 as a crucial support level for ADA, which is very close to its current market price.