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Key takeaways

• Cardano (ADA) trades around $0.188 on Tuesday after breaking below a key support zone, extending its recent decline.
• ADA funding rates have turned positive, suggesting some traders are still positioning for a potential recovery.
• ADA faces resistance between $0.215 and $0.218, while a prolonged decline could expose the $0.155 support level.

Cardano (ADA) remains under pressure on Tuesday, trading around $0.188 after losing an important support level in the previous session. 

The cryptocurrency has struggled to attract buyers, with weakening technical indicators suggesting that its recent correction may not be over.

Derivatives data also paints a mixed picture. While Cardano’s funding rate has returned to positive territory, its long-to-short ratio shows that bearish positioning remains dominant.

Meanwhile, on-chain and trading activity indicators point to continued selling pressure, leaving ADA vulnerable to further losses unless buyers can reclaim key resistance levels.

Cardano derivatives data show traders remain cautious

Cardano’s derivatives market is showing signs of uncertainty as traders weigh the possibility of a price recovery against the risk of another decline.

According to CoinGlass, ADA’s long-to-short ratio stood at 0.8248 on Tuesday, approaching its lowest reading in more than a month.

A ratio below 1 indicates that short positions outnumber long positions in the measured market, suggesting that more traders are positioning for a decline than a recovery.

The latest reading reflects a cautious outlook, particularly as ADA continues to trade below several important technical levels.

However, funding rates suggest that bullish traders have not completely abandoned the market.

Cardano’s funding rate turned positive on Tuesday, reaching 0.0097%.

Positive funding means traders holding long positions are paying those with short positions to maintain their leveraged exposure.

This indicates that some market participants remain willing to bet on a potential rebound despite the broader weakness in ADA’s price.

The difference between the two indicators suggests that traders remain divided over Cardano’s next move.

While the long-to-short ratio reflects a bearish tilt, positive funding shows that demand for leveraged long exposure persists.

Such mixed positioning can contribute to volatility, particularly when sudden price movements force leveraged traders to close their positions.

For now, however, the derivatives data offers little evidence of a decisive shift toward bullish sentiment.

Beyond derivatives positioning, Cardano’s spot and futures markets are also showing signs of weakness.

According to CryptoQuant’s market summary, both markets have recorded large whale orders alongside indicators of overheating and sell-side dominance.

The presence of large orders suggests that major market participants remain active, although the accompanying selling pressure points to a cautious trading environment.

Whale activity can have a considerable influence on price movements, especially during periods of weak liquidity or heightened volatility.

When large orders appear alongside sell-side dominance, they can increase concerns about further downward pressure.

CryptoQuant’s overheating signals also suggest elevated market activity, which may leave ADA more vulnerable to sharp price swings.

Taken together, these indicators suggest that sellers continue to hold an advantage, despite the positive funding rates seen in the derivatives market.

However, whale orders alone do not confirm that large holders are selling their existing ADA holdings. A clearer picture would require additional data on exchange flows and wallet activity.

Until buying demand strengthens, the current market conditions could make it difficult for Cardano to establish a sustained recovery.

ADA risks further decline toward $0.155

Cardano trades around $0.187 on Tuesday, with its daily technical structure continuing to favor sellers.

The cryptocurrency has slipped below a previously rising support trendline, which now acts as resistance around $0.218.

Losing this trendline has weakened ADA’s price structure, suggesting that buyers are struggling to defend levels that previously supported the market.

Cardano is also trading below its 100-day Exponential Moving Average (EMA) at $0.215 and its 50-day EMA at $0.216.

Both moving averages are positioned well above the current price, creating a resistance zone that could limit recovery attempts.

Momentum indicators reinforce the cautious outlook. The Relative Strength Index (RSI) is hovering near 30, placing ADA close to oversold territory.

Although this suggests that selling pressure may be becoming stretched, it does not necessarily mean that a recovery is imminent.

Cryptocurrencies can remain near oversold conditions for extended periods when bearish momentum is strong.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly negative, indicating that sellers continue to dominate despite signs of weakening momentum.

On the upside, Cardano faces its first major resistance between $0.215 and $0.218. This area brings together the 100-day EMA at $0.215, the 50-day EMA at $0.216, and the former ascending support trendline near $0.218.

A sustained recovery above this zone would be an encouraging sign for buyers and could open the door to a move toward $0.236.

Beyond that, the 200-day EMA near $0.239 represents another important obstacle. If bullish momentum strengthens enough to clear these levels, ADA could extend its recovery toward the horizontal resistance at $0.245, followed by the higher barrier at $0.299.

However, such a move would require a meaningful improvement in buying demand and broader market sentiment.

On the downside, the next major support level identified on the chart stands at $0.155.

A continued decline towards this area would represent a significant extension of the current correction.

The $0.155 level could attract buying interest, although a sustained rebound would depend on whether demand is strong enough to absorb the prevailing selling pressure.

The post Cardano dips below $0.19 as bearish derivatives data signals further losses appeared first on CoinJournal.

TL;DR

• Dogecoin trades near $0.075 on Monday after five consecutive weeks of declines.
• Wallets holding 10 million to 100 million DOGE have shed 120 million tokens since Thursday.
• The next major support sits near $0.068, while a recovery faces resistance from $0.079 to $0.090.

Dogecoin (DOGE) is struggling to find its footing on Monday, trading around $0.075 after five straight weeks of losses. 

The meme coin has attracted some dip-buying from smaller whales, but larger holders are heading in the opposite direction, leaving the market without a clear signal that the selloff is over.

The split in whale behavior comes as on-chain trading indicators remain weak and DOGE continues to trade below its major moving averages. With sellers still active, the $0.068 support level could soon come into focus.

Large Dogecoin whales sell while smaller holders buy the dip

Santiment’s Supply Distribution data shows that wallets holding between 10 million and 100 million DOGE have reduced their combined holdings by roughly 120 million tokens since Thursday. The selling suggests some of the largest holders are taking risk off the table as the price continues to slide.

Not everyone is selling. Over the same period, wallets holding 100,000 to 1 million DOGE and those holding 1 million to 10 million DOGE accumulated a combined 100 million tokens. These smaller whale cohorts appear willing to buy at lower prices, even as the broader trend remains negative.

The purchases have not fully offset the distribution by larger holders. If that selling continues, DOGE may struggle to build enough momentum for a sustained rebound.

CryptoQuant’s market summary paints a similarly cautious picture. Both spot and futures markets show large whale orders, elevated trading activity described as heating conditions, and sell-side dominance.

Taken together, those signals suggest traders are still more inclined to sell than to chase a recovery. They do not guarantee another decline, but they help explain why Dogecoin has struggled to attract sustained buying interest.

Dogecoin stays below key moving averages

DOGE trades around $0.075 on Monday, below its 50-day Exponential Moving Average (EMA) at $0.082, 100-day EMA at $0.083, and 200-day EMA at $0.090. 

Those levels form a series of overhead barriers that buyers would need to reclaim before the technical outlook improves.

A descending resistance trendline near $0.079 presents the first test. The Relative Strength Index (RSI) remains in the mid-30s, reflecting weak momentum without yet showing a decisive reversal. 

Meanwhile, the Moving Average Convergence Divergence (MACD) is hovering around zero with little directional strength.

A move above the descending trendline at $0.079 would be an early sign that buyers are regaining ground. DOGE would then face the 50-day EMA at $0.082 and the 100-day EMA at $0.083, where sellers could return.

Further resistance stands at $0.088 and the 200-day EMA at $0.090. Only a stronger recovery through those levels would bring the more distant $0.1027 barrier into view.

On the downside, $0.068 is the next major support to watch. A daily close below that level would weaken the chart further and leave DOGE exposed to additional losses, although the supplied analysis does not identify a precise lower target.

For now, the divergence between whale groups offers little comfort to bulls. Smaller holders are buying the dip, but larger wallets continue to distribute tokens, and the technical trend remains bearish. Whether DOGE can defend $0.068 may determine its next meaningful move.

The post Dogecoin could dip lower as large whales sell 120m DOGE appeared first on CoinJournal.

Key takeaways

• Cardano (ADA) consolidates below $0.20 on Monday after losing 21% in October, with support holding around $0.1894.
• Large investors holding between 10 million and 100 million ADA have reduced their share of circulating supply from 38.03% to 37.45%.
• Technical indicators remain bearish, with a break below $0.1894 potentially exposing ADA to further declines toward $0.1712 and $0.1537.

Cardano (ADA) is struggling to regain momentum on Monday, trading below $0.20 after a difficult October that wiped 21% off its value. 

The cryptocurrency has managed to hold above the $0.1894 support level, but declining whale holdings and weakening derivatives activity suggest that buyers are still reluctant to return.

ADA has been relatively stable since Thursday’s nearly 8% selloff, although there is little evidence of a meaningful recovery taking shape.

On-chain data from Santiment shows that large Cardano investors have reduced their holdings over the past month, while CoinGlass figures point to a noticeable decline in futures Open Interest.

Interestingly, Cardano is attracting more attention on social media despite the subdued market activity. Whether that attention translates into renewed buying demand remains uncertain.

Cardano whale holdings decline despite rising social interest

Cardano has seen a sharp increase in online attention following reports that neither ADA nor Midnight-related tokens were stolen during the recent Binance hack.

According to Santiment, Cardano’s social dominance reached 2.49% on Monday, its highest reading since late June.

Social dominance measures how frequently an asset is mentioned in cryptocurrency discussions relative to other digital assets. A rising reading generally indicates that more traders and investors are talking about the cryptocurrency.

However, the increased attention has not translated into stronger buying activity among Cardano’s largest holders.

Santiment data shows that wallets holding between 10 million and 100 million ADA now control approximately 37.45% of the circulating supply, down from 38.03% last month.

The decline suggests that some large investors have been reducing their exposure rather than accumulating more tokens during the recent price weakness.

Whale activity is closely watched because large holders can influence market liquidity and price movements, particularly when broader demand is already weak.

Cardano’s supply in profit has also fallen sharply, dropping from 28.36% to 14.77%. This means a significantly smaller portion of the circulating supply is currently held at a profit, reflecting the impact of ADA’s recent decline. The metric alone, however, does not establish how much of the movement was caused by profit-taking.

If large holders continue trimming their positions, Cardano could struggle to recover from October’s losses.

The weakness in Cardano’s spot market is also evident in its derivatives activity. Data from CoinGlass shows that ADA futures Open Interest has declined to approximately $419 million, compared with $450 million last week.

That represents a drop of roughly 11%, indicating that traders have been closing positions faster than new contracts are being opened.

Open Interest measures the total number of outstanding futures contracts that have not been settled or closed.

A decline in Open Interest often points to reduced market participation or a broader unwinding of leveraged positions.

In Cardano’s case, the contraction comes alongside falling prices and declining whale holdings, suggesting that traders remain cautious about taking fresh positions.

The combination of weakening derivatives activity and reduced accumulation by large holders leaves ADA without an obvious source of buying momentum.

A sustained recovery in Open Interest, accompanied by stronger prices, could provide an early indication that traders are becoming more willing to take risks.

Cardano price prediction: ADA faces bearish pressure below $0.20

Cardano continues to trade below the psychological $0.20 level on Monday, with its daily chart showing that sellers remain in control.

ADA is trading beneath its 50-day Exponential Moving Average (EMA) at $0.2179 and its 200-day EMA at $0.2408.

Both moving averages are acting as overhead resistance, making it difficult for buyers to establish a sustained recovery.

The cryptocurrency has also slipped below a previously rising support trendline near $0.2019.

That breakdown is significant because a former support level can become resistance once the price falls beneath it.

Unless ADA manages to reclaim the trendline, further recovery attempts could attract renewed selling pressure.

Momentum indicators offer little encouragement for buyers. The daily Relative Strength Index (RSI) is hovering around 31, approaching the oversold threshold of 30.

Although an RSI near oversold territory can sometimes precede a short-term rebound, it also reflects the strength of the recent selling pressure.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains below zero, reinforcing the bearish momentum visible on the daily chart.

Taken together, the indicators suggest that ADA has yet to establish a convincing bullish reversal.

The immediate focus for Cardano traders is the $0.1894 support level, which corresponds to the August 30 low.

ADA has managed to defend this area despite its recent losses, but another wave of selling could put the level under pressure.

A decisive daily close below $0.1894 would weaken the short-term technical outlook and potentially open the door for a decline toward $0.1712, the August 18 low.

If sellers maintain control, the next significant support lies around $0.1537, a level previously tested on July 27.

A move toward that area would represent a substantial extension of Cardano’s October downturn.

On the upside, buyers must first push ADA back above the broken trendline around $0.2019 to improve the near-term outlook.

A sustained move above that level could allow the cryptocurrency to challenge its 50-day EMA at $0.2179.

Beyond that, the 200-day EMA at $0.2408 remains a more significant obstacle to a broader recovery.

Until ADA reclaims these resistance levels, the technical outlook is likely to remain tilted toward the downside.

The post Cardano risks further losses as whale holdings decline appeared first on CoinJournal.

Key takeaways

• Bitcoin, Ethereum and XRP are heading toward a fourth consecutive week of declines.
• BTC is down more than 2.5% this week, while ETH and XRP have lost over 4% and 5%, respectively.
• Bitcoin trades around $77,900, just above its 100-day EMA at $77,814.

Major cryptocurrencies extend October declines

Bitcoin, Ethereum, and XRP remained under pressure on Friday, putting all three on course for a fourth consecutive weekly loss since early October.

Bitcoin has declined more than 2.5% so far this week. Ethereum and XRP have fallen over 4% and 5%, respectively, highlighting continued weakness across major digital assets.

ETH slipped below $2,215, while XRP traded under $1.230. Bitcoin hovered around $77,477, leaving buyers facing an important test of longer-term support.

Bitcoin falls below its 100-Day Moving Average

Bitcoin’s near-term technical outlook weakened after it briefly slipped below the 100-day Exponential Moving Average at approximately $77,814.

That level now represents the first resistance buyers need to reclaim. Above it, the 50-day EMA near $80,585 presents another obstacle, followed by the horizontal barrier at $85,000.

A recovery above $77,814 would ease immediate selling pressure and improve the prospect of consolidation within the recent range. However, a more sustained rebound would require Bitcoin to overcome the higher resistance levels.

For now, its position below the shorter moving averages keeps recovery attempts vulnerable.

Bitcoin remains just above its 200-day EMA at $76,423, which provides the next significant technical support.

Holding that average would preserve an important element of the broader upward structure despite the ongoing correction.

A sustained break below it would weaken that structure and increase the risk of a deeper pullback.

The reaction around $76,423 could therefore help determine whether Bitcoin stabilizes or extends its October decline.

Bitcoin’s Relative Strength Index stands at 34, approaching the conventional oversold threshold of 30.

The reading indicates persistent selling pressure. Although stretched momentum can precede a corrective bounce, proximity to oversold territory does not establish that a reversal is underway.

The Moving Average Convergence Divergence indicator also remains negative, reinforcing the cautious near-term outlook.

With momentum still weak, buyers need to defend the 200-day EMA and reclaim the 100-day average to show that immediate downside pressure is easing.

The post Bitcoin tests key support as BTC faces fourth weekly loss appeared first on CoinJournal.