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Cardano Teeters at $0.50 as Markets Split on Bounce Versus Breakdown

Derivatives positioning is short-heavy, with on-chain data highlighting sustained whale distribution.

Overview

  • Brave New Coin reports a confirmed slip below the $0.50 support, warning of a move toward $0.42–$0.38 unless the level is swiftly reclaimed.
  • Yahoo Finance and CoinCentral note ADA is defending a falling-wedge lower trend line, with the Chaikin Money Flow turning higher to suggest returning large-wallet inflows.
  • Gate’s liquidation map shows about $93.15 million in shorts versus $24.46 million in longs, with a ~2% nudge to $0.51 flagged as the first short-squeeze trigger.
  • Scenario paths diverge: holding $0.49–$0.51 could enable a quick bounce toward resistance near $0.64, while failure keeps downside open toward $0.25 as a higher-timeframe support.
  • On-chain watchers cite heavy distribution, including roughly 440 million ADA leaving whale cohorts in a month and a single reported 14.5 million-ADA sale.