{"id":12496,"date":"2026-08-28T07:30:13","date_gmt":"2026-08-28T07:30:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12496"},"modified":"2026-08-28T07:30:13","modified_gmt":"2026-08-28T07:30:13","slug":"cardano-whales-buy-the-dip-as-ada-reclaims-0-211","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12496","title":{"rendered":"Cardano whales buy the dip as ADA reclaims $0.211"},"content":{"rendered":"
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Key takeaways<\/span><\/p>\n
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Cardano slipped to around $0.210 after losing more than 7% this week.<\/span><\/li>\n
Whales holding between 10 million and 100 million ADA accumulated 160 million tokens since Sunday.<\/span><\/li>\n
ADA\u2019s long-to-short ratio fell to 0.74, indicating that bearish positions dominate the derivatives market.<\/span><\/li>\n<\/ul>\n
Cardano is trading at $0.210 on Friday after declining more than 7% since the beginning of the week.<\/span><\/p>\n
Despite the pullback, on-chain data shows that some large investors are accumulating ADA.\u00a0<\/span><\/p>\n
However, conflicting derivatives and on-chain signals suggest traders remain uncertain about whether the cryptocurrency can recover or extend its decline.<\/span><\/p>\n
Cardano whales accumulate 160 million ADA<\/h2>\n
Santiment\u2019s Supply Distribution data<\/span> shows that large Cardano holders have been buying ADA during the latest price correction.<\/span><\/p>\n
Wallets holding between 10 million and 100 million ADA accumulated approximately 160 million tokens since Sunday. The purchases indicate that some whales continue to view the lower prices as a long-term buying opportunity.<\/span><\/p>\n
However, the accumulation has yet to generate enough demand to reverse ADA\u2019s short-term decline.<\/span><\/p>\n
Whale buying during a pullback can support a positive longer-term outlook, but it does not guarantee an immediate recovery\u2014particularly when broader market sentiment remains cautious.<\/span><\/p>\n
Cardano\u2019s derivatives indicators present a mixed outlook. CoinGlass data shows that <\/span>ADA\u2019s long-to-short ratio<\/span> stood at 0.90 on Friday, approaching its lowest level in more than a month.\u00a0<\/span><\/p>\n
A ratio below one indicates that more traders hold short positions than long positions, reflecting expectations of further price declines.<\/span><\/p>\n
The reading suggests that bearish traders continue to dominate the derivatives market despite the recent accumulation by whales.<\/span><\/p>\n
ADA\u2019s funding rate paints a slightly more optimistic picture. CoinGlass data shows that the token\u2019s open interest-weighted funding rate turned positive on Thursday and reached 0.0013% on Friday.<\/span><\/p>\n
A positive funding rate means traders holding long positions are paying those with short positions. This typically indicates that bullish positions are becoming more prominent, even though the long-to-short ratio continues to favor sellers.<\/span><\/p>\n
The divergence between the two indicators highlights the uncertainty surrounding Cardano\u2019s near-term direction.<\/span><\/p>\n
CryptoQuant\u2019s summary data supports this cautious view. Although the futures market has recorded large whale orders, selling activity remains dominant, while several other indicators are neutral.<\/span><\/p>\n
Together, the metrics point to indecision rather than a clear bullish or bearish trend.<\/span><\/p>\n
Cardano holds above key moving averages<\/h2>\n
ADA traded around $0.210 on Friday after losing more than 7% during the week. Despite the decline, Cardano remains above its 50-day and 100-day Exponential Moving Averages at $0.190 and $0.197, respectively.\u00a0<\/span><\/p>\n
Holding above these averages gives ADA a slightly bullish short-term bias, although the token continues to trade below significant overhead resistance.<\/span><\/p>\n
Momentum indicators are also cooling. The Relative Strength Index has retreated toward the upper-50 region, while the Moving Average Convergence Divergence histogram is contracting.<\/span><\/p>\n
These readings suggest that the buying momentum behind Cardano\u2019s recent rebound is weakening.<\/span><\/p>\n
Cardano\u2019s first major resistance sits at $0.213, corresponding with the 50% Fibonacci retracement level of its latest decline.<\/span><\/p>\n
A close above this level could allow ADA to target the 61.8% Fibonacci retracement at $0.231, followed by horizontal resistance at $0.236.<\/span><\/p>\n
Beyond those levels, ADA faces a significant supply zone between the $0.245 horizontal resistance and the 200-day EMA at $0.246. A decisive break above this area would strengthen the bullish outlook and potentially clear the way for further gains.<\/span><\/p>\n
On the downside, immediate support sits near the 38.2% Fibonacci retracement level at $0.195.<\/span><\/p>\n
<\/p>\n
This region is reinforced by the 50-day and 100-day EMAs, making it an important support cluster for Cardano bulls. A sustained close below it could expose the 23.6% Fibonacci retracement level at $0.173.<\/span><\/p>\n
If selling pressure intensifies and ADA loses $0.173, the token could retreat toward its stronger structural support around $0.150.<\/span><\/p>\n
For now, whale accumulation offers some encouragement, but mixed derivatives data and weakening momentum leave Cardano\u2019s short-term recovery uncertain.<\/span><\/p>\n
Key takeaways Cardano slipped to around $0.210 after losing more than 7% this week. Whales holding between 10 million and 100 million ADA accumulated 160 million tokens since Sunday. ADA\u2019s long-to-short ratio fell to 0.74, indicating that bearish positions dominate the derivatives market. Cardano is trading at $0.210 on Friday after declining more than 7%<\/p>\n","protected":false},"author":1,"featured_media":12497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12496","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
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![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-28-2026-08_00_56-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"ADA\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/08\/ADAUSD_2026-08-28_07-56-48.png\")
<\/p>\n