Cardano (ADA) is trading at $0.2474 with a 24-hour trading volume of about $647.66 million, according to recent data. The token’s price has broken out of its short-term channel, leading crypto analyst Ali Marteniz to suggest it may test the critical $0.22 support zone. On-chain data shows large whale wallets accumulated 230 million ADA tokens recently, while mid-sized holders sold around 30 million.
Cardano (ADA) showed signs of recovery on March 30, 2026, trading at $0.2473 after two consecutive weeks of correction. The token’s 24-hour trading volume was approximately $647.66 million, with a market capitalization of about $8.93 billion.
The price action suggests ADA has broken out of its established channel. Crypto analyst Ali Marteniz suggested such breakouts often precede tests of lower support levels, highlighting $0.22 as a key area.
The price action indicates ADA could face near-term downward pressure as the market assesses its momentum. A recovery is expected if the price holds at the $0.22 support level.
Data from Santiment indicates a significant surge in ADA accumulation by whales. Whales holding between 10 million and 100 million tokens accumulated approximately 230 million ADA from Wednesday to Monday.
However, wallets holding 1 to 10 million tokens, described as mid-sizers, offloaded about 30 million ADA. This divergence suggests larger entities were buying while smaller whales were selling during the period.
According to data from CoinGlass, the long/short ratio for Cardano is currently at 1.14, its highest point in the past month. This ratio indicates traders are highly optimistic about the token’s price in the coming sessions.
