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At present, Cardano ($ADA) is down nearly 20% over the past 24 hours, extending its 30-day losses to 26.2%. The crash took $ADA to its lowest point in weeks, but the token has since rebounded close to the $0.65 mark.
What’s driving this recovery attempt are two key groups — whales and retail traders — both adding exposure as prices slide. But can they overpower weak technical signals and spark a real rebound?
Whales and Retail Build Conviction Together
While most of the market panicked, Cardano whales were quietly adding. Santiment data shows that wallets holding 10 million to 100 million $ADA increased their holdings from 13.06 billion on October 10 to 13.20 billion today — a gain of 0.14 billion $ADA, worth about $89.6 million at the current price of $0.64.
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This buildup started just before the crash and hasn’t slowed since (they didn’t sell into the crash). That consistency during a market-wide selloff suggests these large holders are expecting stability or an eventual rebound.
The Money Flow Index (MFI) — which tracks how much money flows in and out of an asset based on price and volume — supports that narrative. MFI has formed a higher low, showing capital inflows even as the price fell.
This shows retail traders seem to be stepping in alongside whales, adding to the buying strength that could serve as a base for a gradual Cardano price recovery.
Three Technical Risks Still Haunt The Cardano Price Action
Despite the encouraging accumulation, three technical risks remain.
The Smart Money Index (SMI) — which measures professional trader-specific positioning — has dropped sharply and is yet to recover. Though it has slightly curled up, the move remains too weak to confirm a sustained comeback or rebound-hopeful traders.
Similarly, RSI, which measures the strength of buying or selling momentum, shows no bullish divergence. While $ADA’s price made a lower low during the crash, RSI followed with another lower low — meaning momentum hasn’t reversed yet.
At 30, RSI does show $ADA is oversold, but without divergence, the rebound could be slower than other top altcoins.
Adding to this caution, $ADA’s descending trendline continues to form a bearish triangle pattern on the daily chart. Without a bullish RSI divergence to counter it, the structure suggests that downside risk still exists — making this a potentially fragile rebound unless buyers sustain higher closes.
Currently, the Cardano price trades near $0.64. A daily close above $0.68 could prime the $ADA price for a short-term recovery toward $0.76 and $0.89, while a break below $0.61 may drag it further down to $0.55.
The post Whales and Retail Back Cardano ($ADA) Price Rebound Despite Bearish Signals appeared first on BeInCrypto.
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