Cardano (ADA) Whales Losing Strength, Eye on $0.50
Ada, the native token for the Cardano blockchain, seems to be weakening every day, and seems to be losing control of key support levels. Today, on February 11, 2025, a well-known crypto expert posted on X (formerly Twitter), sharing key levels of $0.67 and $0.81, which is currently providing important support to the asset.
Experts point out that if the ADA holds this level, it is likely to lay the foundation for a strong rebound.
Trader/Investor Mixed Emotions
Despite being supported by key levels, investors and long-term holders have been dumping tokens, as revealed by chain analytics firm Coinglass. Data from spot inflows/outflows suggest that the exchange has witnessed inflows of $4.5 million worth of ADA tokens, indicating potentially sold out due to price declines in recent days.
After this significant inflow to the exchange, it is very likely that the assets will experience sales pressure and further price declines.
Despite bearish feelings between investors and long-term holders, day traders show positive attitudes towards the ADA, such as Small shop.
At press time, the ADA long/short ratio was 1.30, indicating strong bullish sentiment among traders. This is the highest length/short ratio among the top 10 cryptocurrencies. However, the data further shows that 56.30% of top traders currently hold long-term positions in the ADA, while 43.70% of traders hold short-term positions.
Traders and investors seem to have different sentiments when combining these chain-bound indicators.
ADA price action and upcoming levels
According to the expert’s technical analysis, Aida It has now become bearish due to failure to hold the $0.75 level and is now below the 200 moving average (EMA) in the daily time frame, indicating that the asset is in a downward trend.
According to recent price action and historical patterns, if prices fall and bearish market sentiment remains the same and the price is below the $0.65 level, it is likely to drop to $0.50 in the next few days.
Current market prospects of ADA
ADA is currently trading close to $0.70, up more than 2.55% in the past 24 hours. However, during the same period, its trading volume increased by 60%, indicating an increase in traders and investors’ participation.
