Cardano Whales Return As Funding Flips Positive — Here Is Why ADA Might Be Aiming for $0.50

1 month ago 10
  • Whale accumulation, positive funding rates, and renewed buy-side dominance hint that ADA may be gearing up for a recovery push toward $0.49–$0.50.
  • Momentum indicators (RSI, MACD) show early signs of exhaustion in the bearish trend, supporting the idea of a short-term reversal.
  • Failure to maintain strength could drag ADA back toward $0.39, the critical lower wedge boundary acting as last support.

Cardano’s price is trying to steady itself again, hovering near $0.42 on Tuesday after a pretty decent 5% jump the day before. And honestly, when you look beneath the surface, the story gets a bit more interesting. On-chain activity, whale behavior, and even derivatives data are all leaning bullish… or at least hinting that ADA might not be done fighting back just yet. Technically, too, the chart setup is starting to tilt upward, with a clean path toward that psychological $0.50 area—assuming buyers don’t lose momentum halfway there.

On-chain signs show a quiet but clear bullish shift

CryptoQuant’s latest read on ADA reveals a market where big buyers—actual whales—have started placing heavy spot and futures orders again. That doesn’t usually happen by accident. Buy-side dominance is appearing slowly but pretty consistently, and conditions on the order books have cooled enough for a healthier structure to form.

Meanwhile, the derivatives market is sending another green flag. Coinglass data shows Cardano’s OI-Weighted Funding Rate flipped positive, sitting at about 0.0014% on Tuesday. That basically means long traders are paying shorts, a sign the majority now expects price to move higher, not lower. Historically—like the chart shows—every time funding flips from negative to positive, ADA has produced a sharp relief rally shortly after. It’s not guaranteed, but the pattern is, well… kind of hard to ignore.

ADA

Cardano Price Forecast: Bulls eye the $0.50 zone

Technically, ADA caught support right at the lower boundary of a falling wedge (those two narrowing trendlines everyone loves to argue about) on Saturday. From there it bounced roughly 6% across the next 48 hours. Now it’s hanging around $0.42, trying to figure out whether it has enough fuel to keep climbing.

If buyers keep stepping in, ADA could stretch toward the next notable resistance near $0.49. A daily candle closing above that would open the door to the big psychological marker at $0.50… which tends to act as a magnet once momentum flips.

Momentum indicators are finally starting to look less grim too. The RSI slipped below oversold last week but has now curled upward around 30—signaling bearish pressure might be easing. The MACD lines are also tightening, inching toward a bullish crossover, which usually supports continuation moves if volume follows.

But downside risk still exists

If the market cools off again or buyers hesitate, ADA could easily slip back toward support at $0.39, right along the lower wedge boundary. That area would be an important line in the sand—losing it would put ADA back into deeper correction territory.

The post Cardano Whales Return As Funding Flips Positive — Here Is Why ADA Might Be Aiming for $0.50 first appeared on BlockNews.

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