- The Cardano price may rebound to $0.278 and challenge the key resistance of a falling wedge pattern.
- Mid- to large-sized holders controlling between 100,000 and 100 million ADA increased their balances substantially.
- The 200 EMA of the 4-hour chart act as dynamic resistance in the current correction trend.
Cardano, the eleventh largest cryptocurrency by market capitalization, slipped another 1.3% during Tuesday’s U.S. market hours to trade at $0.258. This downtick aligns with market-wide risk aversion amid renewed tariff tension and geopolitical uncertainty. Despite the risk of prolonged correction, the large wallet investors have been actively accumulating ADA for several months, signaling strong conviction in the asset’s long-term trajectory.
Lack of Speculative Interest Keeps ADA Under Pressure
Over the past six months, the Cardano price has witnessed a steady correction from $1.01 to current trading volume of $0.25, registering a loss of 74.7%. Consecutively, the asset market cap fell to $9.37 Billion,
This downtick can be attributed to several factors including collapsed network, ecosystem stagnation, and broader market correction. Along with price correction, the open interest tied to ADA futures contracts experienced a decline.
While the initial drop triggered a cascading liquidation across a majority of major assets, Cardano’s OI has turned stagnant at $400 million. This indicates a lack of fresh speculative interest or conviction among derivatives traders, with participants largely staying on the sidelines amid ongoing market uncertainty and fear.
Addresses holding 100,000 to 100 million ADA in the Cardano network increased their positions by 819.4 million tokens in the last six months, according to Santiment’s on-chain analytics. The added holdings would be worth approximately $213.9 million at current prices and an additional 1.6% of Cardon’s total circulating supply under their control.
This accumulation occurred while there was a significant downward pressure on the value of ADA, which fell by more than 71% from approximately $0.90 to approximately $0.26 over the same period. Data shows these mid to large tier holders were still buying even with the prolonged price decline.
Cardano Price Poised to Challenge Wedge Pattern Resistance
The daily chart analysis of Cardano price shows the current correction trend is strictly resonating between two converging trendlines of a falling wedge pattern. Since October 2025, these trendlines have offered dynamic resistance and support to price, driving a steady trend of lower high and lower low formation.
Currently, the ADA coin witnesses a renewed demand pressure at $0.2.55 support. A potential upswing from this floor would bolster buyers to challenge the resistance trendline of channel pattern.
A potential breakout from this barrier will renew the recovery momentum and support a sustained rally in Cardano, the post-breakout rally could push the asset $0.3, followed by $0.33.
However, the negative alignment between the exponential moving average (20, 50, 100, and 200) in the 4-hours chart hints the pattern to least resistance is down.
Thus, the Cardano price faces a higher possibility of rejection from the overhead resistance.
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