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Cardano Reclaims $0.70 as Buyers Test a Fragile Rebound

Holding above key short‑term levels will test whether whale and retail buying can firm the recovery.

Cardano Price Drops by 20% as Market Turns Bearish — Can Bulls Defend the $0.66 Support?
Cardano [ADA]
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Cardano (ada) price confirms oversold bounce but faces $0.76 resistance, is a rejection ahead?

Overview

  • ADA bounced to about $0.70 after a roughly 20% drop that swept prices to the $0.61–$0.62 area during a market‑wide liquidation.
  • On‑chain data from Santiment shows wallets holding 10–100 million ADA added roughly 140 million ADA (about $89.6 million) through the dip.
  • The Money Flow Index formed a higher low, signaling retail inflows, while professional‑facing gauges such as the Smart Money Index and RSI remain cautious.
  • Derivatives and order‑flow signals are mixed, with earlier negative funding and seller‑dominant CVD giving way to signs of funding turning positive post‑sell‑off.
  • Traders are watching $0.68 as near‑term confirmation for targets in the $0.76–$0.89 range, with support eyed at $0.61 and then $0.60–$0.58; most reports cite lows in the low $0.60s, despite an isolated claim of a $0.30 print.