Cardano [ADA] Since the downtrend at $0.26 collapsed, the price has been hovering around $0.24 as global liquidity is once again strained. ADA was trading at $0.24 as of the writing. It had risen by just 1.17 points in a 24 hour time frame.
The altcoin trading volume increased by 48%, to reach $600,000,000, showing a growing market.
Cardano buyers remain in control
Although the altcoin reversed its trend and turned downward, the structural bullishness of the coin has not changed. The altcoin market has not yet weakened in the short term.
Buyers have shown a strong demand for the product, even with recent price cuts. Binance’s demand for altcoins remains stable, as the coin recorded 133.7 millions in purchase volume, and 121,000,000 in sale volume.
Binance is dominated by buyers, as the altcoins have a market delta positive of 28 millions. The exchange activity also echoes the market’s behavior.
CoinGlass shows Cardano’s spot netflow as being negative for the past three consecutive days. On April 20th, ADA 60.27 millions dollars were outflow, compared with 58.9million dollars inflow.
This resulted in the Netflow of this altcoin dropping 244.6% down to -$1.29 Million, an indication that spot accumulation was aggressive.
Bulls vs. Bears indicator is positive with 19 as the number of buyers. Cardano’s Modified DMI, which is a measure of the DMI’s performance, also remains in a bullish zone, increasing to 5.
These momentum indicator signals indicate short-term gains and signal the likelihood of a market recovery. If the buyers are active in the market, ADA is likely to hold at $0.24, with a view towards reclaiming its $0.26 value.
Long-term outlook still bearish
The market, however, remains very bearish on weekly charts with an excess of downward momentum. Since late August 2025, altcoins have traded in a channel that is descending.
Cardano’s Relative Strength Index, or RSI for short, has fallen into a bearish trend as a result. As of press time, Cardano’s RSI was hovering around 30 and almost in oversold territory.
A drop of this magnitude suggests that most market activity has come from the sell side. Similarly, altcoin Momentum Shift remained in the negative range since mid-December, 2025. It confirms that the trend is down.
If these indicators are configured in this way, then they indicate strong negative pressures and the likelihood of a trend continuation. Cardano will likely continue to fall unless the market climate cools off sustainably.
If the trend continues, ADA may breach the $0.24 level and fall to $0.24. ADA, however, will reclaim its $0.29 value and move to $0.3 if the crypto market is on a sustained upward trend.
Final summary
- Cardano has risen to $0.24 from $0.26. short-term Momentum remains positive
- On weekly timeframes the altcoin was still strongly down, with $0.22 being the crucial support level.
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Source: ambcrypto.com
