Key Highlights

  • ADA maintains position around $0.25 following earlier rejection at critical resistance levels
  • Leveraged long positions faced $545K in liquidations during the past 24 hours, while open interest hovers near $412 million
  • Derivatives traders show bearish positioning with a long-to-short ratio of 0.84
  • Total transactions on Cardano’s mainnet have surpassed 120 million, setting a fresh all-time record
  • Addresses holding 10M+ ADA climbed to 424, marking a four-month peak with 5.2% growth over nine weeks

Cardano (ADA) continues to trade in the vicinity of $0.25 as Friday’s session unfolds, following a rejection from critical resistance barriers earlier this week. The asset remains positioned beneath its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which form a cluster ranging from $0.27 to $0.40.

Cardano (ADA) Price
Cardano (ADA) Price

The recent downturn created significant pressure on leveraged traders. According to CoinGlass metrics, approximately $545K in long positions were liquidated during the previous 24-hour period, contributing to total ADA futures liquidations approaching $626K. Open interest figures remain substantial at approximately $412 million.

The OI-weighted funding rate has recently shifted into negative territory, indicating that traders are paying premiums to maintain short positions. This market structure typically restricts upward price movement until spot buying activity strengthens.

Source: Coinglass

CoinGlass data reveals ADA’s long-to-short ratio currently registers at 0.84. Any reading beneath 1.0 signals that a greater number of traders are positioning for additional price weakness compared to those anticipating recovery.

The daily RSI indicator remains positioned in the mid-40s range, slightly beneath the neutral 50 threshold. While the MACD line maintains marginal positivity, the Supertrend signal continues displaying red. These technical indicators collectively suggest a weak, range-constrained market environment rather than definitive directional momentum.

Broader market conditions contributed to this week’s pressure. Bitcoin declined under $71,000 following reports of a U.S.-Iran ceasefire agreement, sparking profit-taking throughout major digital assets. ADA typically demonstrates rapid correlation with BTC during such downward movements.

Large Holder Positions Expand

Santiment’s on-chain analytics reveal that 424 wallet addresses currently maintain holdings of at least 10 million ADA. This figure represents a four-month peak and marks a 5.2% expansion throughout the past nine weeks. Major stakeholders have been building positions during the period of price weakness.

ADA has generated approximately 11% gains from its February 5 bottom, though the asset continues tracking alongside broader altcoin market patterns throughout 2026.

Critical support resides at the $0.24 threshold. A confirmed daily close beneath this level would violate a horizontal channel structure that has maintained since early February, potentially exposing the $0.2328 March 29 low. Additional downside targets include the $0.2205 February bottom.

Blockchain Usage Reaches Unprecedented Levels

While price action remains subdued, Cardano’s network usage continues advancing. Blockchain analytics platform Cexplorer has verified that cumulative transactions on the Cardano mainnet have exceeded 120 million, with the precise count reaching 120,002,067 at the time of data collection.

For upside movement, ADA requires reclamation of the 50-day EMA positioned near $0.268 to alleviate immediate selling pressure. Market analysts have highlighted $0.299 as the subsequent major resistance threshold should this level be recaptured. The $0.24 to $0.25 range continues serving as the primary zone where buyers and sellers are engaged.