Cardano News: ADA Shorts Just Got Squeezed $857K in 24 Hours While Whale Wallets Hit an All-Time High, Is the Bottom Finally In?

Author

Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Aug 2025

About Author

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

Has Also Written

• The First Major Law Enforcement Group Just Endorsed the CLARITY Act, And It Could Flip the Senate Vote
• Ethereum News: Grayscale's Ethereum Staking ETF Just Had Its CFO Resign
• Bitcoin News: A Weak Jobs Report Just Slashed Fed Rate Hike Odds in Half, And Bitcoin Bounced Off $57,750 to Reclaim $61,000
• BTC USD Recovering: Why is The Crypto Market Going Up Today, July 2nd?
• XRP Ledger Lending Amendments Face 80% Validator Hurdle as Institutional Credit Layer Takes Shape

Author Profile

Share

Copied

Fact Checked by

CryptoNews Editorial Team

Author

CryptoNews Editorial Team

Part of the Team Since

Sep 2018

About Author

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

Has Also Written

• Ethereum Price Prediction: Kiyosaki Still Eyeing ETH, Solana Founder Bullish on EF Staff Cuts
• How to Exchange ZEC to BTC: Best Zcash to Bitcoin Exchanges 2026
• How to Take Part in Wadoozie’s Live 48-State Tour to Win WADZ Rewards
• Best BTC to XMR Exchanges in 2026: Swap Bitcoin to Monero Anonymously
• CoinDepo vs. YouHodler vs. Nexo Earn: Which Is Better in 2026?

Author Profile

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

July 3, 2026

Cardano News: ADA price is drawing blood on the short side. Cardano trades around $0.1650, up 6.50% in 24 hours and 14.1% over the past week, as a technical signal that has been absent since June’s collapse finally reappears, and the traders who leaned short are paying for it.

The full picture, including what the whale data is quietly signaling about the next directional move, is more complex than the headline bounce suggests.

The Parabolic SAR has flipped below spot price for the first time in weeks, sitting at $0.1385 against current trading levels. That alone would be noise, but derivatives data corroborates the move.

Over 24 hours, short liquidations hit $857.14K against just $158.49K for longs, a clean reversal of the pattern that crushed ADA bulls through June. Derivatives volume climbed 8.08% to $544.55M while open interest rose 1.62% to $374.88M, pointing to fresh positioning rather than short covering alone.

On-chain, whale wallets now hold 26.2 billion ADA at an all-time high, while exchange supply hit a new all-time low, a supply squeeze building quietly beneath the surface.

Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit

Cardano News: Can Cardano Price Break $0.20 This Week?

Cardano is navigating bad news and a stacked resistance shelf at current levels.

The 20-day EMA at $0.17 is the immediate ceiling. Price needs to close above it convincingly, not just tap it. Beyond that, the 50-day EMA sits at $0.1858, the 100-day at $0.2204, and the 200-day at $0.2941.

Every major moving average is overhead and declining. This is not a setup for a smooth grind higher. It is a gauntlet.

The horizontal support zone between $0.14 and $0.15 held through repeated tests in June and now acts as the structural floor. The SAR flip is the first technical confirmation that buyers are gaining footing, but a rejection at the 20-day would likely trigger another leg lower, consistent with every prior failed bounce attempt this cycle.

A daily close above $0.17 opens a run toward the 50-day at $0.1858, potentially exacerbating short squeeze conditions given the derivatives imbalance. If price consolidates between $0.15 and $0.1586 instead, the $5.4 million in USDCX minted on Cardano in 48 hours, pushing total reserves past $35 million, slowly builds DeFi narrative support underneath.

A rejection at the 20-day EMA and a close back below $0.145 invalidates the SAR signal and likely flushes longs accumulated during this bounce.

Medium-term quantitative models project ADA around $0.1505 by end-2026, implying the current bounce is a cyclical relief move inside a larger compression rather than a structural reversal.

The next 48 hours are decisive.

Discover: The Best Token Presales

Maxi Doge Targets Early Mover Upside as ADA Tests Critical Resistance

ADA’s bounce is real, but with the 20-day EMA immediately overhead and four declining EMAs stacked above that, the risk-reward on chasing here is asymmetric in the wrong direction.

Traders who missed the dip and want early-stage exposure to a different kind of momentum are looking at the presale market, where entry price isn’t dictated by a chart full of overhead resistance.

Meme coin presales have been absorbing capital even as blue-chip crypto consolidates, and Maxi Doge ($MAXI) sits in that flow.

Built on Ethereum as an ERC-20 token, the project positions itself around a “1000x leverage trading mentality”, think gym-bro culture meets derivatives desk, complete with holder-only trading competitions, leaderboard rewards, and a Maxi Fund treasury allocated to liquidity and partnerships.

The tagline is blunt: never skip leg-day, never skip a pump. The presale has raised $4,821,311.89 at a current price of $0.0002827, with dynamic staking APY available for participants. That’s a real fundraise figure, not a projection. Risk caveat applies: presale tokens carry illiquidity risk and no price guarantee at listing.

VISIT Maxi Doge here.