Gate News, March 30, 2026: After two weeks of declines, the Cardano (ADA) price saw a slight rebound. On Monday, it traded at around $0.24. Despite the modest bounce in the short term, the price fell more than 4% over the past week, and technical indicators show the market is broadly bearish. On-chain data indicates that large holders are showing interest in ADA: whales holding between 100,000 and 1 million ADA and between 10 million and 100 million ADA increased their holdings by about 230 million tokens from Wednesday to Monday. However, whales holding between 1 million and 10 million ADA sold about 30 million tokens over the same period, suggesting that some participants may be engaging in capitulation-style selling.
The derivatives market also reflects cautious sentiment. CoinGlass data shows the ADA long/short ratio is 1.14, slightly tilted toward longs; CryptoQuant data also indicates the spot and futures markets are active, but overall remain neutral. The technical picture remains weak: the price is below the 50-day and 100-day moving averages, both trending downward. The Relative Strength Index (RSI) is 41, indicating weak momentum. The MACD has fallen below the signal line and the zero line, and the histogram suggests that downward pressure is increasing. The immediate support level is $0.23; a break below it could test $0.22. On the upside, resistance sits at $0.26, with stronger resistance near $0.29.
Crypto analyst Ali Charts, on X, noted that Cardano has broken out of its price channel, which could open the door for further downside toward $0.22. The Chaikin Money Flow indicator shows funds are flowing out, and the support zone of $0.23 to $0.24 has been tested multiple times, weakening it. If that area is breached, the next major support level could be around $0.20. Traders still need to stay cautious as whale buying and bearish technical signals intersect, watching ADA price volatility and changes in support and resistance levels.
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