ADA is Testing Key Fib Resistance, But Where Next?

Cardano tests key Fibonacci resistance as momentum improves and whale accumulation adds support to the recovery outlook. Where next?

The Cardano (ADA) daily chart shows the price at $0.2648, posting a 2.99% gain over the past 24 hours despite mixed short-term momentum. The intraday chart shows ADA initially hovering near the $0.257 level before staging a sharp upward breakout, briefly pushing above $0.27.

After peaking, price action retraced modestly and is now consolidating around the $0.265 zone. While the 4-hour performance reflects a 2.14% decline, the broader 24-hour move remains positive, suggesting buyers stepped in following earlier weakness.

From a market structure perspective, ADA continues to face broader headwinds across higher timeframes. The token is down 5.75% over the past 7 days, 21.82% over 30 days, and 39.21% over 90 days.

Meanwhile, derivatives and liquidity data reveal active participation. Specifically, the 24-hour futures volume stands at $669.31 million, compared to spot volume of $87.13 million, indicating that leveraged trading is playing a dominant role in current price dynamics. Open interest is reported at $427.34 million. Amid these dynamics, can ADA break further resistance and surge higher?

Can Cardano Break Further Resistance?

On a TradingView chart, Cardano is now testing the 0.382 Fibonacci retracement level near $0.270, a key mid-range resistance within the broader corrective structure. Price has rebounded strongly from the recent low around $0.253 and reclaimed the 0.5 level near $0.261, but the 0.382 zone is now acting as the next technical barrier. 

A decisive daily close above this level would signal strengthening bullish momentum and could open the door for a move toward the 0.236 retracement near $0.2827, followed by a potential retest of the broader resistance area around $0.30.

Momentum supports this developing setup, as the MACD histogram remains in positive territory and the MACD line has crossed above the signal line. While the crossover is still shallow, sustained buying pressure combined with a breakout above the 0.382 zone would reinforce the case for further upside continuation toward higher resistance levels.

ADA Whales and Sharks Still Accumulating?

Elsewhere, according to Santiment, Cardano’s key whale and shark addresses have been steadily accumulating ADA over the past six months despite the prolonged market downturn. Data shows that addresses holding 100,000 to 100 million ADA have collectively added about 819.4 million ADA, worth roughly $213.9 million, during this period. 

This accumulation occurred while ADA’s price declined more than 71%, falling from around $0.90 to near $0.26. Santiment’s data further indicates that these large holders have increased their share of the total circulating supply by 1.6%, rising from about 66.84% to 68.44%. In absolute terms, holdings within this wallet cohort climbed from roughly 24.54 billion ADA to 25.35 billion ADA in six months.