Key Highlights
- ADA maintains position at $0.2449, resting on a multi-year support zone
- Futures markets reflect bearish positioning with declining open interest and negative funding rates
- Large holders added 270 million ADA tokens during a three-day period this week
- Network engagement shows daily active users staying under 900, significantly below previous peaks
- Crypto analyst Ali Charts identifies $0.245 as the pivotal support zone for current price action
Cardano (ADA) currently trades at $0.2449, maintaining a support zone that dates back to 2022. Recent days have seen the asset decline close to 6%, erasing most of the gains accumulated during the week’s earlier sessions.
Price movement has been largely horizontal throughout February. Selling pressure intensified this week, driving ADA toward the bottom portion of its established trading range.
The asset now trades beneath both the 50-day and 100-day Exponential Moving Averages (EMAs). Daily chart analysis reveals the Relative Strength Index (RSI) hovering around 43, positioned below the neutral 50 mark, indicating diminished bullish momentum.
The MACD indicator has crossed underneath its signal line near zero. This technical development confirms the absence of consistent buying activity and indicates ADA continues moving through a broader consolidation period.
Futures Open Interest currently stands at $402.94 million, showing consistent decline since mid-March. This contraction reflects reduced market participation and suggests a cautious outlook for the immediate future.
CoinGlass data shows the long-to-short ratio at 0.83, marking its lowest point in more than 30 days. Readings under 1 indicate that short positions outnumber long positions among active traders.
Funding rates have turned negative at -0.0015%. Short position holders are compensating long traders to maintain their positions, demonstrating that bearish outlook prevails in perpetual futures markets.
Large Holders Increase Positions Near Support Zone
While derivatives markets display bearish characteristics, blockchain data presents a more complex picture. Addresses holding between 100,000 and 1 million ADA, combined with those controlling between 10 million and 100 million ADA, added a total of 270 million tokens from Wednesday through Friday.
Addresses containing 1 million to 10 million ADA reduced their holdings by approximately 20 million tokens during the identical timeframe, suggesting smaller whales may have exited positions while larger entities purchased during the pullback.
CoinGlass records reveal substantial buy orders positioned near $0.24, with whale cohorts establishing $31 million in net long positions through Binance and OKX perpetual contracts. Spot trading volumes continue at reduced levels, potentially signaling that major buyers await clearer directional signals before increasing exposure.
On-Chain Engagement Stays Muted
Cardano’s blockchain engagement has shown weakness throughout March. Daily active users have remained under 900 since mid-December, representing a substantial decrease from the tens of thousands previously recorded on the network.
Cardano wallet addresses have experienced modest growth, expanding from 4.3 million to 4.44 million, potentially indicating accumulation behavior during this extended consolidation period at lower price levels.
Critical Price Zones for Monitoring
Downside attention focuses on $0.24 as the initial support level. A confirmed daily close beneath this threshold would expose the $0.23–$0.22 zone to testing. Upward movement faces initial resistance at $0.27, with a more substantial barrier positioned around $0.30.
$0.245 is the key support level to watch for Cardano $ADA. pic.twitter.com/JlSk80SnNM
— Ali Charts (@alicharts) March 28, 2026
Crypto analyst Ali Charts has identified $0.245 as the crucial support zone requiring attention for ADA, corresponding closely with current price levels.
