Important collection restaurants
Ada fell 12% but kept important support. With 80% lungs and $ 6 million inflow, traders rang the turning hump against popping up risks.
After falling 12% after the last 48 hours, Cardano [ADA] achieved an important level of support that seemed to be a make-or-break point for the Altcoin.
Of course, given the earlier reactions of ADA in this zone, traders showed renewed interest.
Almost 80% bet long. Smart or reckless?
At the time of the press, ADA traded at $ 0.8565, more than 9% fell in the last 24 hours. This remarkable price dip caused increased participation of investors and traders, which resulted in an increase of 22% in trade volume.
In fact, many traders considered this zone as an excellent access point.
According to CoinglassThe Binance Adausdt long/short ratio was 3.99. This ratio suggested that there is a single short position for every 3.99 long positions, which means that traders who gamble long are almost four times higher than those gambling short.
Furthermore, data showed that 79.96% of the accounts was long, while 20.04% were short.
Source: Coinglass
This crooked raised the question: was optimism justified or could Cardano slide further?
Trendline Lifeline! Can Ada hold?
The technical analysis of Ambcrypto revealed that the bullish bias of traders probably came from the current support zone.
Since the beginning of August 2025, ADA had respected a rising trendline on the four -hour graph. With the last deterioration, the Altcoin again became this line, so that the hope for a reversal was naturally fueled.
Source: TradingView
Based on the price promotion, if Ada was kept above the rising trendline, there is a strong possibility of an impressive price reputation. If this happened, the Altcoin could rise by 14% to reach the next resistance level at $ 0.9791.
In the meantime, if the momentum went through the barrier of $ 1, another 20% remained possible to $ 1.20.
At the time of the press, the Supertrend indicator of Ada became red and floated above the price. This suggests that the Altcoin is in a downward trend with a strong sales pressure.
Meanwhile, the Relative Strength Index (RSI) printed at 39.97, which is approaching over -sold territory and hints on a possible reversal.
$ 6 million in ADA sale concern
Despite the bullish prospects, a metric that still flashes a red flag is the inflow of Ada into fairs.
In the last 24 hours, $ 5.95 million in ADA tokens has moved to exchanges, by showing a continuous dumping or profitable.
Source: Coinglass
Of course, such incoming risked the addition of sales pressure and extending the downward momentum.