๐๐๐ซ๐๐๐ง๐จ ($๐๐๐) ๐๐จ๐ฅ๐๐ฌ ๐๐๐จ๐ฏ๐ $๐.๐๐ โ ๐๐ฎ๐ญ ๐๐ก๐๐ฅ๐ ๐๐๐ฅ๐ฅ๐ข๐ง๐ ๐๐ฅ๐จ๐ฎ๐๐ฌ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
๐บ Current price: $0.5824
๐ Whale Exit Signals Cooling Momentum
On-chain data from Santiment shows big players trimming ADA holdings:
Wallets with 100Mโ1B ADA dropped from 1.87B โ 1.82B
Wallets with 1B+ ADA fell from 3.34B โ 3.22B
๐ Thatโs 170M ADA sold, a clear sign that smart money is reducing exposure. This adds selling pressure especially when retail demand isnโt rising fast enough to absorb it.
๐ Derivatives Data Shows Traders Are Pulling Back
Coinglass metrics confirm fading confidence:
Open Interest: Fell 3.38% โ $791.47M
Funding Rate: Dropped from 0.0087% โ 0.0018%
โก๏ธ Translation: Traders are closing positions. Less conviction, fewer longs, and cautious sentiment.
๐ป Bearish Channel Still Controlling the Trend
ADA is stuck inside a descending channel drawn from the May and June highs.
โ Support to watch: $0.5419
๐ซ Key resistance: $0.5896
Right now, ADA is hovering just below resistance. If bulls canโt reclaim $0.5896 soon, the trend stays bearish and price could head back to retest $0.5419.
๐ Momentum Indicators Stay Weak
MACD: Shrinking green bars = momentum slowing
RSI: Hovering at 44 = below neutral (50) โ sellers in control
โ What Needs to Happen Next?
For ADA to shift bullish again:
Close above $0.5896 = breakout from the bearish channel
Next target = $0.6186 โ last touched mid-June
If ADA fails here and breaks below $0.5419, it could trigger deeper losses.
๐ง TL;DR โ ADA Traders Read This
Whales are selling, not accumulating
Derivatives markets show weak conviction
ADA must break $0.5896 to flip bullish
Support = $0.5419 remains the last defense before deeper drop
๐ก Status: Bearish bias with a bounce attempt in play. Watch resistance closely.