Cardano (ADA) Price: Whales Are Buying the Dip — But Can ADA Bulls Hold the Line?

TLDR

• ADA is trading below $0.25 after a failed recovery attempt, with bearish pressure continuing into the week.
• Futures open interest dropped around 8% in 24 hours, with long liquidations leading at $701,830.
• The OI-weighted funding rate turned negative at -0.0132%, showing short-seller dominance.
• Whale wallets holding over 10 million ADA hit a four-month high of 424, up 5% in nine weeks.
• Key support sits at $0.2328, with resistance at the 50-day EMA of $0.2681.

Cardano (ADA) is under pressure this week, trading below $0.25 as broader crypto market volatility weighs on prices. A brief recovery attempt on Monday failed to hold, and ADA has since slipped back into bearish territory.

Cardano (ADA) Price

On Monday, ADA briefly climbed to $0.2546, a 5.42% gain in 24 hours, with trading volume surging over 100% to $515.84 million. However, that momentum did not last into Tuesday.

Analyst Alpha Crypto Signal noted that ADA broke out of a falling wedge pattern on the 4-hour chart, reclaiming its upper trendline and short-term moving averages. The analyst said a continued move could target $0.27 to $0.29, but cautioned that failure to hold the breakout level could turn the setup into a fakeout.

#ADA LTF Analysis:$ADA clean falling wedge breakout on 4H — structure shift with price reclaiming the upper trendline and short-term MAs.$ADA now pushing into prior supply, but holding above the breakout zone keeps the bias bullish. As long as $ADA sustains above this level,… pic.twitter.com/UC1jmNA3Wk

— Alpha Crypto Signal (@alphacryptosign) April 6, 2026

Derivatives Signal Bearish Short-Term Sentiment

Futures data from CoinGlass shows ADA open interest fell roughly 8% to $401.35 million over 24 hours. Total liquidations reached $1.10 million, with $701,830 coming from long positions.

The OI-weighted funding rate dropped to -0.0132%, suggesting traders are paying a premium to hold short positions. This points to sell-side dominance in the near term.

Analyst UniChartz highlighted $0.23–$0.24 as a key support zone, noting this area has historically triggered sharp upward moves. If buyers defend this level, the nearest upside target is $0.45.

Whale Accumulation Hits Four-Month High

On-chain data from Santiment shows that wallets holding more than 10 million Cardano reached 424, a four-month high. That is an increase of over 5% across the past nine weeks.

🐳 Cardano’s number of wallets holding at least 10M $ADA tokens has ballooned to a 4-month high of 424, a +5.2% rise in 9 weeks. Even though it has not decoupled from other altcoins yet in 2026, its market value is +11% since it bottomed out back on February 5th. pic.twitter.com/5HgvwadvsQ

— Santiment (@santimentfeed) April 6, 2026

This kind of accumulation during a price dip often signals that large investors expect a recovery over a longer time frame.

The RSI currently sits around 44, while the MACD has turned slightly positive near the zero line. These readings suggest modest stabilization rather than a confirmed trend reversal.

Immediate support is at the March 29 low of $0.2328. A break below that level could push ADA toward $0.2205, the February 5 low. If ADA reclaims the 50-day EMA at $0.2681, the next target would be $0.2992.