The post Cardano reclaims 2-month range after breakdown: Should you buy this bounce? appeared on BitcoinEthereumNews.com. Last weekend, Cardano [ADA] breached theThe post Cardano reclaims 2-month range after breakdown: Should you buy this bounce? appeared on BitcoinEthereumNews.com. Last weekend, Cardano [ADA] breached the

Cardano reclaims 2-month range after breakdown: Should you buy this bounce?

2026/04/02 09:53
Okuma süresi: 2 dk
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Last weekend, Cardano [ADA] breached the lows it established in the first week of February. Since this breach, the price has bounced nearly 6% from the $0.234 local lows and was trading within the two-month range once again.

Recently, AMBCrypto reported that Cardano whales accumulated 220 million ADA over a week. Their total holdings measured 13.84 billion across large wallets and reflected deliberate absorption.

Moreover, top traders on Binance maintained a long bias despite the recent volatility. Did this mean that the weekend ADA price drop was a liquidity sweep?

Examining Cardano’s longer-term trend

Source: ADA/USDT on TradingView

Cardano has been forming lower lows and lower highs since October 2025. These are characteristic of a downtrend, and the Directional Movement Index agreed. However, this indicator has been indecisive over the past three weeks.

The range formation between $0.245 and $0.30 since February has led to the DMI showing no strong trend. At the same time, the OBV was also within a range, exhibiting a balance between aggressive buyers and sellers.

The moving averages came closer and closer, but no bullish crossover was seen. This agreed with the range formation—there was no significant momentum, and a price move above the moving averages can get undone quickly.

Traders’ call to action – Stay bearish

Source: ADA/USDT on TradingView

Despite the whale accumulation, the swing trader bias should remain bearish. This was because of the price structure on the 4-hour chart. Moreover, the higher timeframe also showed seller prevalence.

The $0.233 and $0.278 levels (dotted orange) marked the swing points on this timeframe that traders should keep an eye on. A bounce to $0.26-$0.27 would present a selling opportunity targeting the $0.233 lows.

Until the $0.278 swing level is breached, the bias can remain bearish. Beneath $0.233, the next southward targets would be $0.222 and $0.205, and such a drop would confirm the breakdown from the range.


Final Summary

  • Cardano sank below the lows of the range from February but quickly bounced back within the range.
  • As things stand, the bears have the upper hand, and more downside remains likely for ADA.

Source: https://ambcrypto.com/cardano-reclaims-2-month-range-after-breakdown-should-you-buy-this-bounce/

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