After a dramatic surge to $1.1358 following former U.S. President Donald Trump’s crypto reserve plan announcement, Cardano ($ADA) has faced a sharp pullback.
At the time of writing, $ADA is priced at $0.8207, marking a 22.69% decline in the last 24 hours. But is this just a temporary dip, or is a bigger move ahead? Let’s break it down.
The overall market sentiment has shifted, with Cardano’s market cap now at $28.89 billion, falling 22.73%. The 24-hour trading volume has also taken a hit, dropping 29.62% to $6.47 billion. This decline suggests traders are taking profits after ADA’s explosive rally.
One of the most critical indicators of market behavior is the net flow of assets on exchanges. Currently, ADA has a net outflow of -$18.64 million, meaning more tokens are being withdrawn from exchanges than deposited.
Historically, this kind of movement suggests investors are accumulating ADA rather than selling, hinting at a potential bullish setup in the near future.
The crypto market has been volatile in the past 24 hours, with a staggering 314,083 traders getting liquidated, leading to total liquidations of $1.09 billion.
For Cardano specifically, liquidations amount to $383.87K, with long-term liquidations at $242.72K and short-term liquidations at $141.15K. The biggest single liquidation order took place on Bitfinex, where a tBTCF0: USTF0 trade worth $13.40 million was wiped out, so now the question remain: will $ADA go up today
Looking at the charts, Cardano has been following a short-term uptrend but is currently experiencing a pullback. The key resistance level is around $0.85, while support sits near $0.75. Can Cardano price Today rise after the dip?
Indicators suggest that bearish momentum is creeping in:
RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) signal downside pressure.
Bollinger Bands show increased volatility, meaning big price swings could be expected soon.
Despite the price drop, the biggest whales on the Cardano network have bought a massive 420 million ADA in the past 24 hours! This large-scale accumulation further supports the idea that big investors see ADA’s current dip as a buying opportunity.
All eyes are now on whether ADA can close a weekly candle above $1.05. If this happens, analysts predict a potential rally towards $1.90 in the coming weeks.
With whales accumulating and technical indicators showing mixed signals, the next few days could be critical for ADA’s next big move.
Cardano has shown impressive strength in recent weeks, but its latest decline raises questions about the short-term trend. Why Cardano is Falling and will it recover? With strong accumulation from whales and market uncertainty, traders should stay alert to the key resistance and support levels.
Will ADA break past $1.05 and skyrocket to $1.90, or will bearish momentum push it lower? The coming days will reveal the answer!
Also read: Peter Schiff Blasts Trump’s Crypto Influence, Urges SEC ActionSara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.