Cardano price (ADA) is under renewed selling pressure after whales offloaded ~30 million ADA and EMAs crossed bearish; immediate support sits at $0.80–$0.78 with downside targets near $0.70 and $0.57 if demand fails to reappear.
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Whales sold ~30M ADA into rallies, increasing downside pressure.
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EMA cross signals bearish momentum; $0.80–$0.78 is critical short-term support.
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Trading volume spiked ~69% to $1.45B; liquidation heatmap shows ~ $17M in shorts clustered at $0.82–$0.85.
Cardano price update: ADA price falls under EMA pressure; watch $0.80 support and $0.70 risk zone — read tactical levels for traders and investors.
What happened to Cardano price this week?
Cardano price slipped under key exponential moving averages after large holders sold roughly 30 million ADA over seven days, adding downward pressure. Volume rose ~69% to $1.45 billion, and immediate support is at $0.80–$0.78 with a critical higher-low at $0.70.
How did whale activity influence ADA price?
Whales offloaded about 30 million ADA after a local peak near $1.01, beginning sales around $0.92. This strategic selling drained liquidity, forcing short-term sellers to dominate and pushing price toward accumulation zones around $0.80.
Source: Ali Martinez/X (chart observations); whale balance at ~5.57B ADA at time of selling.
Why are EMAs important for ADA right now?
EMA crossovers act as a momentum filter; a bearish EMA cross suggests sellers control short- to mid-term price action. ADA trading below the key EMAs signals increased odds of a slide toward $0.70 if the $0.80 support fails.
What are the key technical support and resistance levels?
- Support: $0.80–$0.78 (short-term accumulation).
- Critical risk: $0.70 (higher-low; breach opens $0.57–$0.51).
- Resistance: $0.92–$1.00 zone (recent selling area).
How likely is a short squeeze versus a deeper slide?
Short positioning and liquidation clustering matter. Roughly $17 million in shorts sits between $0.82–$0.85, while longs under the price near $0.78 are about half that size. A short squeeze could push ADA back toward $1.00, but failure to trigger a squeeze would likely extend selling pressure below $0.80.
Source: CoinGlass liquidation heatmap; longs clustered near $0.78 are smaller than shorts above price.
What should traders and investors watch next?
Front-load risk management: maintain stops below $0.76 for short-term trades, monitor on-chain whale flows and exchange balances, and watch EMA behavior for reversal confirmation. Smart Money accumulation near $0.57 could present a tactical buying opportunity if demand resurfaces.
Frequently Asked Questions
How much ADA did whales sell and when?
About 30 million ADA were sold by large holders across the last seven days after price tested a local high near $1.01, with notable selling beginning around $0.92.
Can a short squeeze push ADA back to $1.00?
A short squeeze is possible because roughly $17M in shorts sits at $0.82–$0.85, but execution depends on buying momentum overcoming current EMA-driven selling pressure.
Key Takeaways
- Whale selling: ~30M ADA sold into rallies, increasing downside risk.
- Technical risk: EMA cross is bearish; support at $0.80–$0.78, critical $0.70 level.
- Trading tactic: Watch liquidation clusters and volume spikes; consider stops under $0.76 for short-term trades.
Conclusion
Cardano price faces immediate headwinds as whale sales and EMA weakness pressure ADA below key zones. Traders should prioritize risk management around $0.80–$0.70, monitor on-chain whale flows and liquidation heatmaps, and await clear EMA-based reversal signals before adding exposure. COINOTAG will continue to update market developments.
