Is It Time to Buy or Sell ADA?
Cardano (ADA) is currently trading at $0.6172, down -1.52% in the last 24 hours. The market is showing bearish signs with key indicators:
Money Flow Analysis (1D):
Sell pressure dominates: Total Sell volume = 50.81M ADA, Buy volume = 44.68M ADA
Net inflow = -6.13M ADA, indicating more outflows (selling) than inflows.
Large sell orders are leading: 19.51M ADA sold vs. 15.34M ADA bought.
Price Chart Overview:
ADA is trading below key moving averages:
MA(7): 0.6206
MA(25): 0.6380
MA(99): 0.7763
Strong downtrend since hitting highs near $1.32 earlier in the year.
5-Day Large Inflows: Totaling -14.95M, showing consistent outflow pressure.
Price Prediction
Short-Term (Next 7 Days):
ADA may retest support near $0.60 - $0.58.
If Bitcoin remains weak, ADA could dip to the $0.55 - $0.52 zone.
Medium-Term (Next 1-2 Months):
If macro sentiment improves and BTC rebounds, ADA could attempt to reclaim $0.65 - $0.70.
A breakout above $0.70 would need strong volume inflows.
Conclusion:
This is not an ideal time to buy ADA unless you're planning to accumulate gradually at lower levels. The market is under selling pressure, with large outflows and price trending downward.
If you're already holding, consider:
Stop-loss near $0.60 if short-term.
Wait for a confirmed reversal with inflow dominance and price reclaiming MA levels before adding more.
Stay cautious, especially in short-term trades.