🐋 Whales Accumulate, But Price Stalls
Despite recent whale activity, Cardano ( $ADA ) failed to rally. Bitcoin’s weak momentum hasn't helped, adding to ADA’s ongoing selling pressure.
📉 Bearish Structure & Range Lows
ADA formed a higher low at $0.67, but the swing structure remains bearish until it breaches $1.13. ADA continues to hover around $0.70, offering a potential buy zone—but lacks follow-through.
📊 Momentum & Volume Still Weak
The MACD lines remain closely tied, showing little momentum. The OBV hasn’t moved higher, indicating no real accumulation. ADA is stuck in consolidation, not yet primed for a breakout.
🔴 Resistance Ahead at $0.80
A move above $0.80 could signal bullish strength. However, Open Interest has remained flat at ~$400M–$450M, reflecting sidelined traders and weak conviction.
📉 Spot CVD Shows Ongoing Selling Pressure
The falling Spot CVD confirms strong sell volume, with limited signs of recovery. ADA may struggle to reclaim highs unless broader market sentiment improves—especially from BTC.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
