Large investors are accumulating ADA while retail traders are divesting, indicating potential effects on Cardano’s price.
Cardano is trading around $0.34, down 6% in the last 24 hours and about 5% over the week. Year‑to‑date it’s roughly 1% lower, mirroring a weak broader market. Cautious sentiment is amplified by ongoing US‑Iran tensions that weigh on risk assets like ADA. The token is testing a key support zone near $0.32 (S1), which lies below the 21‑week and 50‑week moving averages, keeping the long‑term trend bearish. The Stochastic RSI has yet to form a bullish cross, and the daily chart shows a downward channel with resistance at the 20‑day EMA $0.37 and 50‑day SMA $0.38. RSI sits around 44; a move above 50 could signal a breakout toward $0.50 if the downtrend line is broken. Large wallets (100k‑100M ADA) added over 454 million ADA ($≈160 M) in two months, while smaller holders sold modest amounts, resulting in a net exchange outflow of $3.36 M on Jan 29. Founder Charles Hoskinson hinted at major updates in February, including governance upgrades, privacy testing, and the launch of ADA futures on CME slated for Feb 9.























