Cardano price prediction: $0.145 support in focus as ADA slips 7.16%

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Cardano drops 7.16% to $0.15 today

Highlights

Whale investors recently acquired about 370 million ADA as smaller holders exited, concentrating supply in large wallets and altering liquidity dynamics.
The derivatives market reflected increased caution, with the long-to-short ratio dropping to a monthly low and signaling growing bearish sentiment.
ADA trades decisively below key moving averages, with technical indicators showing strong bearish momentum and a likely near-term range of $0.145 to $0.154.

Whale accumulation and bearish sentiment as small holders exit

Large Cardano holders accumulated approximately 370 million ADA in recent days as smaller investors capitulated, according to Fxstreet and Invezz. This movement concentrated a significant share of tokens with whale wallets, affecting short-term supply and potentially influencing liquidity conditions. Meanwhile, Cardano’s derivatives market showed a marked shift as the long-to-short ratio dropped to its lowest point in over a month, indicating broader caution or bearish sentiment among traders, as reported by Invezz. Additionally, Cardano is preparing for the Leios scaling upgrade testnet at the end of June, which aims to increase network throughput and represents the next step in protocol development, as noted by U and Cryptonews.

Persistent selling pressure amid oversold signals and failed resistance

On the hourly chart, ADA is trading below the MA-20 at $0.157 and MA-50 at $0.159, while the daily chart places price beneath the MA-200 at $0.285. The Ichimoku Kijun sits at $0.157 and acts as immediate resistance. Momentum indicators are weak: both MACD and Awesome Oscillator show a sell bias, and the Bull/Bear Power indicator confirms control by sellers. ADX and Stoch RSI are neutral, but RSI is in the low 30s with a sell signal, and CCI remains in oversold territory. The overall indicator set highlights strong, persistent downward momentum with no meaningful bullish divergence.

Low breakout odds as consolidation likely to persist

Over the next two to three trading days, ADA is expected to trade within a volatility band of $0.145 to $0.154. The probability of a sustained upside move remains very low unless the price can break above $0.157, which coincides with immediate technical resistance. The baseline expectation is for price to consolidate within this corridor, while a clear break below $0.145 could open the door to further short-term downside.

Anton Kharitonov, expert at Traders Union, notes that large ADA holders absorbed supply during recent weakness, while smaller investors exited positions. He views this as a defensive accumulation pattern, but sees persistent bearish pressure in both derivatives positioning and technical indicators. Kharitonov believes the upcoming Leios upgrade signals progress, yet it has not shifted near-term sentiment or momentum. "Until ADA can reclaim $0.157, the technical structure remains fragile and rallies look unsustainable for now."

Earlier, analysts noted that Cardano continued to face persistent bearish momentum, with technical indicators and governance challenges weighing on sentiment. The latest accumulation by large holders and deepening market caution reinforce the downside risk, making ADA's ability to hold above $0.145 a critical level to watch in coming sessions.

Source of Data: ADA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.