Gate News, March 30, 2026: After two weeks of declines, the Cardano (ADA) price saw a slight rebound. On Monday, it traded at around $0.24. Despite the modest bounce in the short term, the price fell more than 4% over the past week, and technical indicators show the market is broadly bearish. On-chain data indicates that large holders are showing interest in ADA: whales holding between 100,000 and 1 million ADA and between 10 million and 100 million ADA increased their holdings by about 230 million tokens from Wednesday to Monday. However, whales holding between 1 million and 10 million ADA sold about 30 million tokens over the same period, suggesting that some participants may be engaging in capitulation-style selling.
The derivatives market also reflects cautious sentiment. CoinGlass data shows the ADA long/short ratio is 1.14, slightly tilted toward longs; CryptoQuant data also indicates the spot and futures markets are active, but overall remain neutral. The technical picture remains weak: the price is below the 50-day and 100-day moving averages, both trending downward. The Relative Strength Index (RSI) is 41, indicating weak momentum. The MACD has fallen below the signal line and the zero line, and the histogram suggests that downward pressure is increasing. The immediate support level is $0.23; a break below it could test $0.22. On the upside, resistance sits at $0.26, with stronger resistance near $0.29.
Crypto analyst Ali Charts, on X, noted that Cardano has broken out of its price channel, which could open the door for further downside toward $0.22. The Chaikin Money Flow indicator shows funds are flowing out, and the support zone of $0.23 to $0.24 has been tested multiple times, weakening it. If that area is breached, the next major support level could be around $0.20. Traders still need to stay cautious as whale buying and bearish technical signals intersect, watching ADA price volatility and changes in support and resistance levels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Price Stalls Near $80 as ETF Outflows Weigh
Solana trades around $80, facing bearish sentiment due to ETF outflows and declining retail participation. Technical indicators show mixed signals, with resistance at $87 and $98, while support at $77 remains critical for stability.
CryptoFrontNews1h ago
Dogecoin Holds $0.094 as X Cashtags Drive Market Attention
Key Insights
Dogecoin holds above $0.094 despite market weakness as Bitcoin and Ethereum stabilize, reflecting resilience and sustained demand across major cryptocurrencies during the consolidation phase.
X launches smart cashtags enabling real-time crypto and stock tracking, improving marke
CryptoNewsLand4h ago
Chainlink Price Compresses Below $10 as Breakout Pressure Builds
Key Insights
Chainlink maintains higher lows within a tightening range, reflecting steady accumulation as buyers absorb selling pressure and prepare for a potential breakout move
Repeated resistance tests near $10 weaken supply levels while rising support strengthens demand, increasing the p
CryptoNewsLand5h ago
XRP Price Clears $1.40 While Broader Downtrend Persists
XRP's recent rise above $1.40 indicates a shift in market behavior after a consolidation phase. While momentum indicators show improvement, the broader bearish trend persists, limiting upside potential. Sustained support is crucial for extending its recovery.
CryptoNewsLand5h ago
XRP Consolidation Signals Reset as Bullish Setup Emerges
XRP has recently rebounded to $1.39 after trading between $1.20 and $1.40 due to improved market sentiment. A significant drop in futures open interest reflects reduced speculation, while technical indicators suggest a potential bullish breakout, targeting $1.50 and possibly $1.80.
CryptoNewsLand6h ago
PEPE Holds Key Range as $0.000005 Breakout Comes Into Focus
Key Insights:
PEPE trades in consolidation with neutral RSI and bearish MACD, signaling a potential buildup before a decisive directional move in coming sessions.
Analysts highlight a $0.000005 breakout level, representing nearly 50% upside if momentum shifts and buying volume strengthens
CryptoNewsLand6h ago
