Cardano (ADA) steadies at $0.27 on the time of writing on Monday after slipping greater than 5% within the earlier week. On-chain information point out a bearish development, with sure whales offloading ADA. Nonetheless, the technical outlook suggests bearish momentum is weakening, elevating the opportunity of a short-term reduction rebound if shopping for curiosity picks up.
Whales offload 170 million tokens
Santiment’s Provide Distribution information helps a bearish outlook for Cardano, as sure whales (large-wallet holders) are decreasing publicity and growing the promoting stress.
The metric signifies that whales holding between 10 million and 100 million (blue line) ADA tokens have shed a complete of 180 million tokens since Friday. Throughout the identical interval, holders with 1-10 million (yellow line) have accrued simply 10 million ADA tokens, bringing the online to 170 million tokens offered.
%20%5B09-1770613458422-1770613458424.14.49%2C%2009%20Feb%2C%202026%5D.png&w=1536&q=95)
Derivatives information present a bearish bias
Cardano’s futures OI on the Binance trade dropped to $65.95 million on Monday, the bottom stage because the finish of September 2024, and has been steadily falling since mid-January 2026. This drop in OI displays waning investor participation and initiatives a bearish outlook.
Furthermore, Cardano’s funding fee information additionally helps the bearish outlook. The metric turned unfavourable on Sunday and at present stands at -0.0070%, indicating shorts are paying longs and suggesting bearish sentiment towards ADA.
Cardano Value Forecast: ADA’s momentum indicators present fading bearish power
Cardano worth corrected by greater than 5% final week and slipped toward the October 21, 2023, low of $0.24 on Friday. Nonetheless, ADA closed the day on a optimistic observe after hitting a low of $0.22, its lowest stage since mid-June 2023. On the time of writing on Monday, ADA is buying and selling at round $0.27.
If ADA recovers, it could lengthen the recovery towards the 38.2% Fibonacci retracement stage at $0.29 (drawn from the January 14 excessive of $0.42 and Friday’s low of $0.22).
The Relative Power Index (RSI) reads 35, rebounding from oversold territory, hinting at fading bearish momentum. For the recovery rally to be sustained, the RSI should transfer above the impartial stage. The Transferring Common Convergence (MACD) traces are converging, with fading pink histogram bars beneath the impartial stage, suggesting fading bearish power.
Nonetheless, if ADA resumes its ongoing downward development, it could decline towards Friday’s low of $0.22.
