- ADA remains bearish short term, consolidating near $0.37 after a 6% weekly drop.
- Analysts see this zone as a potential accumulation base, not an instant breakout.
- Whale buying contrasts with macro risks that still threaten volatility.
Cardano’s ADA token is struggling to regain momentum after another weak week, underscoring how fragile sentiment remains across the crypto market. ADA is down about 6% over the past seven days, slipping back below $0.40 after a brief push toward $0.43. For now, price action has narrowed into a tight band between roughly $0.36 and $0.37, leaving traders focused on whether this zone becomes a floor—or a trapdoor.
ADA Stuck in a Bearish Short-Term Trend
Selling pressure has dominated Cardano’s near-term outlook. After a strong start to the year, when ADA jumped more than 30% in early January, the rally faded quickly. Losses followed almost daily, reflecting cautious risk appetite and broader market stress. Renewed trade tensions, including fresh U.S. tariff threats, added to the pressure, pulling ADA lower over the weekend and reinforcing its bearish bias.
Despite this weakness, the market has not seen a decisive breakdown. Instead, ADA has settled into consolidation, a phase that often precedes either a deeper slide or a trend reversal.
The $0.37 Zone Draws Analyst Attention
One level drawing close scrutiny is around $0.3711. Market commentator Emilio Bojan has argued that this area could act as a base for longer-term accumulation rather than an immediate breakout point. In his view, sustained consolidation here may help reset positioning and reduce excess leverage built up during prior rallies.
From a technical perspective, holding this zone could allow buyers to gradually absorb supply. Bojan’s longer-term projections outline multiple expansion phases, with potential upside targets stretching well beyond previous cycle highs if a full trend reversal takes hold. Still, these scenarios depend on broader market stability and sustained demand.
Whales Accumulate as Macros Loom
While price action remains soft, on-chain data suggests large holders are quietly increasing exposure. Analyst Ali Martinez reports that whales accumulated roughly 210 million ADA over the past three weeks, lifting their combined holdings to about 13.66 billion tokens. Such accumulation during downturns is often interpreted as a sign of long-term conviction.
That said, macroeconomic risks remain a major wildcard. Escalating tariff disputes and the threat of retaliation could keep pressure on risk assets, including cryptocurrencies. Any renewed volatility in global markets may delay or derail a meaningful ADA recovery.
Also Read: Cardano Founder vs. CLARITY Act: Why Hoskinson is Turning on Garlinghouse
For now, Cardano sits at a crossroads. The $0.36–$0.37 range is shaping up as a critical battleground between sellers defending the trend and buyers positioning for a potential rebound. Whether this consolidation evolves into a launchpad or another leg lower will likely hinge on both macro conditions and broader crypto sentiment.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. CoinBrief.io is not responsible for any financial losses.
