Ada, the native token of the Cardano -Blockchain, seems to weaken day after day and seems to lose control of the crucial level of support. Today, 11 February 2025, a prominent crypto expert posted on X (formerly Twitter) and shared important levels of $ 0.67 and $ 0.81, which are currently offering crucial support for the active.
The expert noted that if Ada owns this level, there is a strong possibility that it could be the scene for a strong rebound.
Traders/Investors Mixed sentiment
Despite receiving support from the crucial level, investors and long-term holders have dumped tokens, as revealed by the on-chain analysis company Coinglass. Data from Spot-Inflow/Outflow shows that stock markets have witnessed an inflow of $ 4.5 million to ADA tokens, which suggests that a possible sale due to the continuous fall in the last few days.
After this remarkable inflow on the stock markets, there is a strong possibility that it can actively experience the sales pressure and a further price decrease.
Despite the bearish sentiment among investors and long-term holders, intraday traders show a positive attitude towards ADA, as revealed by Coinglass.
At the time of the press, the Ada Long/Short Ratio is 1.30, which indicates a strong bullish sentiment among traders. This is the highest long/short ratio between the top 10 cryptocurrencies. However, data also showed that 56.30% of top traders currently hold long positions in ADA, while 43.70% hold short positions.
When combining these on-chain statistics, traders and investors seem to have mixed sentiments.
Ada price promotion and upcoming level
According to the technical analysis of the expert, Ada Beerarish has become because it did not have the $ 0.75 level and now falls under the 200 exponential advancing average (EMA) on the daily period, suggesting that it is active in a down trend is.
Based on the recent price promotion and historical patterns, if the price fall and the Bearish market sentiment remain unchanged and the price below the level of $ 0.65 falls, there is a strong possibility that it could fall to the level of $ 0.50.
ADA Current market front views
ADA currently acts almost $ 0.70 and has experienced a price increase of more than 2.55% in the last 24 hours. In the same period, however, the trade volume jumped by 60%, which points to increased participation of traders and investors.