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7h ago

Cardano Slides Over 20% to $0.64 as Whales Add Positions, With $0.667 Level in Focus

Bearish derivatives plus weak momentum focus attention on $0.667 support, with $0.60–$0.58 as a secondary line.

Cardano Price Drops by 20% as Market Turns Bearish — Can Bulls Defend the $0.66 Support?
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Overview

  • ADA fell roughly 20–22% in 24 hours to trade near $0.64, with exchange volume topping $4.6 billion during the sell-off.
  • Santiment data shows 10M–100M ADA wallets lifted holdings from 13.06 billion to 13.20 billion tokens, while retail buyers also increased exposure.
  • Market structure turned bearish after breaks below the 50-day and 100-day EMAs, and the Smart Money Index and RSI show no bullish momentum shift.
  • Funding rates flipped negative across major exchanges and CryptoQuant’s CVD points to seller dominance on spot and futures markets.
  • Analysts highlight $0.6671 as an initial support from a filled imbalance, with $0.60–$0.58 eyed for stabilization and $0.70–$0.75 as the first resistance band to reclaim.