Key Takeaways
- ADA maintains position at $0.2449, resting on crucial support dating back multiple years
- Futures market indicators reflect pessimistic outlook — declining open interest and negative funding
- Large investors added 270 million ADA tokens from Wednesday through Friday
- Network engagement stays below 900 daily active users, significantly under previous peaks
- Crypto analyst Ali Charts identifies $0.245 as the pivotal support zone
Currently priced at $0.2449, Cardano (ADA) is fighting to maintain a support zone that has held since 2022. The token has declined roughly 6% over recent sessions, essentially erasing gains from an earlier weekly recovery attempt.
Price action has moved laterally since February began. This week, selling pressure has intensified, driving ADA toward the bottom boundary of its established trading corridor.
The token currently sits beneath both its 50-day and 100-day Exponential Moving Averages (EMAs). On the daily timeframe, the Relative Strength Index (RSI) hovers around 43, positioned below the neutral 50 threshold, indicating limited bullish momentum.
The MACD indicator has crossed beneath its signal line close to the zero mark. This development confirms the absence of consistent buying activity and suggests ADA continues navigating a broader correction.
Open Interest in futures contracts has contracted to $402.94 million, declining steadily since middle March. The reduction reflects diminishing market participation and reinforces a conservative short-term perspective.
Data from CoinGlass shows the long-to-short ratio at 0.83, marking its weakest level in more than 30 days. When this metric falls under 1, it indicates more market participants expect downward price movement.
Additionally, funding rates have turned negative to -0.0015%. Under these conditions, short position holders compensate long holders, demonstrating that pessimistic sentiment prevails in derivatives markets.
Large Holder Accumulation Emerges at Support Zone
While derivatives present a bearish picture, blockchain data reveals a more complex narrative. Addresses containing 100,000 to 1 million ADA, along with wallets holding 10 million to 100 million ADA, collectively acquired 270 million tokens between Wednesday and Friday.
Meanwhile, addresses holding 1 million to 10 million ADA reduced their positions by approximately 20 million tokens during this timeframe, suggesting potential capitulation from mid-tier holders while larger participants absorbed the supply.
CoinGlass information reveals substantial buying support near $0.24, with whale cohorts establishing $31 million in net long exposure through Binance and OKX perpetual contracts. However, spot trading volumes remain muted, potentially indicating that major buyers await clearer signals before increasing commitment.
On-Chain Engagement Shows Weakness
Throughout March, Cardano’s blockchain utilization has displayed persistent weakness. Daily active users have remained under 900 since mid-December, dramatically below the tens of thousands the platform historically recorded.
The total count of Cardano holders has experienced modest growth, expanding from 4.3 million to 4.44 million, which may signal accumulation behavior during this extended consolidation at lower valuations.
Critical Price Zones for Traders
Looking downward, immediate support emerges at $0.24. Should a daily candle close beneath this threshold, it would expose the $0.23–$0.22 region. Regarding upside targets, initial resistance appears at $0.27, with a more formidable ceiling positioned near $0.30.
$0.245 is the key support level to watch for Cardano $ADA. pic.twitter.com/JlSk80SnNM
— Ali Charts (@alicharts) March 28, 2026
Technical analyst Ali Charts has highlighted $0.245 as the critical support threshold for ADA monitoring, which corresponds closely with current trading levels.
