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Cardano Tests the $0.50 Line as Whale Selling Climaxes and Short-Squeeze Setup Builds

Heavy whale distribution alongside short‑loaded positioning raises odds of a sharp move.

Overview

  • ADA trades near $0.50 after a weekly drop of about 10%, with some coverage saying the support has already broken.
  • The price still tracks a falling wedge, with the lower trend line defended and CMF ticking higher to suggest returning inflows.
  • Derivatives positioning is short‑heavy—about $93.15 million in shorts versus $24.46 million in longs on Gate—so a roughly 2% push to $0.51 could trigger liquidations.
  • On‑chain data shows whales offloaded around 440 million ADA in a month, including a single sale of 14.5 million ADA for about $850,000.
  • If $0.50 fails, analysts highlight nearby supports at $0.42–$0.38 and a high‑timeframe level at $0.25, while recovery likely needs a reclaim of ~$0.60 and a clear above ~$0.64.