OBV

2026-07-05 22:15:12

ADA Reclaims 2-Month Range After 6% Bounce: Whale Accumulation vs Bearish Trend

Cardano broke below its February range low last weekend but quickly bounced 6% back into the $0.234-$0.30 zone. Despite whales accumulating 220M ADA in a week, technical indicators suggest the downtrend remains intact, with a bounce to $0.26-$0.27 offering a selling opportunity targeting $0.233 and lower.

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ADA Reclaims 2-Month Range After 6% Bounce: Whale Accumulation vs Bearish Trend
2026-07-05 22:12:11

ADA bounces 6% after breaking range low: Is it a buy or a trap?

Cardano (ADA) bounced nearly 6% after breaching February lows, reclaiming the $0.245-$0.30 range. Whales accumulated 220 million ADA, yet technical indicators remain bearish with lower highs/lows and indecisive DMI. A retest of $0.26-$0.27 offers selling opportunities; below $0.233 targets $0.222.

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ADA bounces 6% after breaking range low: Is it a buy or a trap?