Cardano (ADA-USD) trades at $0.21 after losing over 7% during the week. Despite this price pullback, on-chain data shows that large investors are actively buying. Wallets holding between 10 million and 100 million ADA accumulated 160 million tokens since Sunday.
While whale buying usually points to strong long-term confidence, it has not created enough market demand to reverse ADA’s short-term price drop. Broader market sentiment stays cautious, keeping buyer momentum limited.
ADA Futures Signal Mixed Feelings among Traders
Derivatives metrics show conflicting signals for ADA’s next move. The token’s long-to-short ratio sits at 0.74, near its lowest level in over a month. A reading below one means more traders hold short positions than long positions, showing that sellers dominate open contracts.
However, the funding rate paints a slightly different picture. ADA’s open interest-weighted funding rate turned positive at 0.0013%, meaning buyers holding long positions are paying short sellers. This mix of heavy shorting and positive funding rates points to market indecision rather than a clear trend.
Key ADA Price Levels to Watch Next
ADA continues to trade above its 50-day Exponential Moving Average at $0.190 and its 100-day EMA at $0.197. Holding above these key moving averages gives ADA a slight upward bias, though momentum indicators like the Relative Strength Index are cooling down.
On the upside, immediate price resistance sits at $0.213, followed by major barriers at $0.231 and $0.236. A larger supply wall waits near the 200-day EMA at $0.246. Conversely, if selling pressure breaks support near $0.195, ADA risks dropping toward $0.173 or testing its structural floor around $0.150.
