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Cardano Steadies Near $0.65 After Flash Sell-Off as Whales Add to Holdings

Momentum turns tentative as bulls target a $0.68 close for validation.

Overview

  • ADA rebounded to about $0.64–$0.65 after a roughly 20% slide, with lows reported near $0.61 during a crypto liquidation estimated around $19 billion.
  • Santiment data shows wallets holding 10–100 million ADA lifted balances from 13.06 billion to 13.20 billion since October 10, while the Money Flow Index indicated retail inflows during the drop.
  • Technical gauges remain cautious, with a weak Smart Money Index, no bullish RSI divergence, and a bearish daily structure as price trades below the 50‑ and 100‑day EMAs.
  • A daily close above $0.68 is viewed as the first bullish trigger toward $0.70–$0.76 and potentially $0.89, whereas a break under $0.61 risks a slide toward $0.60–$0.58 or $0.55.
  • Derivatives signals are mixed, with funding rates turning positive after an earlier negative flip and CryptoQuant’s CVD previously indicating seller dominance on spot and futures.