Cardano bounces risk failing unless ADA reclaims $0.37–$0.39

Beincrypto reports Cardano’s latest price bounce has stalled again, leaving ADA vulnerable below $0.37: since January 20 the token climbed roughly 7%, briefly pushing higher before settling near $0.35, and a January 21 move reached $0.37 but failed to break out. Three factors explain the recurring pattern.

First, a hidden bullish divergence on the 12‑hour chart—between late December and January 20 ADA made a higher low while the RSI printed a shallow lower low—typically leads to short‑lived rebounds; development activity peaked near 6.94 on January 21, slipped afterward and sits around 6.85 without breaking the month high.

Second, profit taking has spiked on rallies: spent‑coins activity jumped more than 80% during a ~12% late‑December rise and nearly 100% during a ~10% mid‑January rise, and since January 24 spent coins rose over 11% from 105 million to 117 million. Third, larger holders have reduced exposure—wallets holding 10–100 million ADA fell from about 13.64 billion to 13.62 billion ADA since January 21 and 1–10 million ADA wallets slipped from about 5.61 billion to roughly 5.60 billion since January 22—and derivatives show short liquidations near $107.6 million versus long liquidations near $70.1 million over the next seven days, with shorts outweighing longs by more than 50%.

Key Topics

Crypto, Cardano, Ada, Spent Coins, Development Activity, Whales