According to the media, the price of Cardano (ADA) has continued to be under pressure in the recent past and is currently hovering around $0.16. Although currency prices continued to be weak for months, chain data showed that large currency holding addresses continued to increase, keeping the market concerned about long-term trends.

The whale has risen to over a year's height.

According to Santiago data, there are between 100,000 and 100 million ADA addresses, and the total hold hold has increased by 1.8 per cent over the past four months. The size of this group has risen to its highest level since February 2023.

In contrast, the number of small addresses with fewer than 100 ADA decreased by 0.7 per cent over the same period. According to the article, this reflects a clear division between large households and dispersed households at the current stage: the former continue to absorb, while the latter tend to leave.

Prices are still between support and resistance.

From the weekline structure, ADA is now located between two key mobile areas. The current price is approximately $0.159, which is slightly higher than the major demand area of 0.143 to $0.160. The region has also slowed the recent decline by attracting purchases on several occasions in the past.

However, the upper discharge remains evident. According to the article, the fact that ADA has been subjected to a number of counter-attacks at a higher level has shown that the market has not yet developed a continuous upward structure. Without an effective breakthrough of 0.187 dollars, prices are more likely to continue to fluctuate between support and resistance.

A few prices for the foreign media.

  • $ 0.187: short-line main resistance position
  • 0.26 US$: next critical supply area
  • 0.143 to $0.160: Current main support areas

If the weekly line is repositioned at 0.187, further testing of 0.26 is expected. In the longer term, if the area around $1.10 is recovered, the signal of a reverse trend is closer.

On the contrary, if $ 0.143 were to be lost, the article suggested that ADA might be moving to a lower demand area, with the next important observation position near $0.08.08. It is also mentioned that RSI has been at a low level for a long time, indicating that the purchasing drive is still insufficient.