Overview
- ADA trades near $0.49–$0.50 after a 10–20% weekly drop, with some reports noting a brief close below the key level.
- On-chain data indicate about 440 million ADA left whale wallets over a month, including a reported 14.5 million‑token sale for roughly $850,000.
- Derivatives positioning skews short, with about $93.15 million in shorts versus $24.46 million in longs on Gate’s map, creating squeeze potential.
- Technicals are conflicted: a defended falling‑wedge support and a rising CMF hint at inflows, but a decisive break below roughly $0.49 would expose $0.42–$0.38 and possibly $0.25.
- Founder Charles Hoskinson urges holders to “hold the line” and promote optimism, pushing back on panic selling during the slide.