Cardano (ADA) Price Falls 25% in a Week as Bearish Signals Persist
- ADA price dropped 22% in a week, bringing its market cap down to $26 billion, while trading volume fell 35% in 24 hours, signaling reduced activity.
- ADA’s ADX surged to 41.6, confirming a strong downtrend, though its intensity has slightly weakened over the past two days.
- Whale addresses have remained stable for three weeks, suggesting large holders are waiting for clearer market direction before making moves.
Cardano (ADA) price has dropped over 25% in the last seven days, bringing its market cap down to $26 billion. Trading volume has also fallen 35% in the past 24 hours, now sitting at $766 million, signaling decreased market activity.
Meanwhile, whale addresses have stabilized after a brief surge, suggesting a period of balance as large holders await clearer market signals.
Cardano ADX Shows the Current Downtrend Is Still Strong
Within five days, Cardano’s Average Directional Index (ADX) climbed from 11.2 to 41.6, indicating a strong trend that coincided with a 20% price correction.
ADX measures trend strength, not direction, with readings above 25 indicating a strong trend and below suggesting weakness. Given ADA’s high ADX, the recent downtrend has been powerful, reinforcing bearish momentum.
Despite still being in a downtrend, ADA’s ADX has remained stable around 41 and 42 for two days and slightly declined between yesterday and today.
This suggests the trend may be losing intensity, though it hasn’t reversed and is still very strong. If ADX continues to drop while ADA price steadies, sellers could be weakening, possibly leading to consolidation.
However, with no clear reversal, downside risks remain.
Cardano Whales Has Been Stable For Three Weeks
The number of Cardano whale addresses, holding between 1,000,000 and 10,000,000 ADA, jumped from 2,453 to 2,483 between January 9 and January 14. However, after that spike, the number declined slightly and has remained stable over the past few weeks.
Tracking these whales is important because their accumulation or distribution can signal shifts in the market. A rising number of whale addresses often suggests confidence and potential price support, while a decline may indicate selling pressure.
Currently, ADA whale addresses are at 2,469, hovering around this level with minor fluctuations for the past three weeks. This suggests a period of balance. Large holders are neither aggressively accumulating nor selling, possibly focusing their investments on other coins for possible gains in February.
If stability continues, it could mean ADA price is in a consolidation phase, with whales waiting for clearer market direction before making major moves.
ADA Price Prediction: A 55% Upside or Downside?
Cardano price is currently trading between support at $0.65 and resistance at $0.82, with its EMA lines showing a bearish setup—short-term EMAs are positioned below long-term ones.
This suggests that downward momentum remains dominant, reinforcing the idea that ADA is still in a downtrend.
If an uptrend emerges, ADA could test the $0.82 resistance, and a breakout above it could open the door for a move toward $1.03 or even $1.16, a potential 55% upside.
However, if the downtrend continues and ADA price loses the $0.65 support, it could drop further to $0.51 or even $0.32, marking a 55% decline and reaching its lowest levels since December 10, 2024.
Coinbase
Explore
Uphold
Explore
Coinrule
Explore
Chain GPT
Explore
eToro
eToro
eToro
eToro
Coinbase
Uphold
Coinrule
Chain GPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10