Ada, the native token of the Cardano blockchain, seems to weaken day by day and seems to lose control of the level of crucial support. Today, on February 11, 2025, an eminent cryptography expert published on X (formerly Twitter) and share key levels of $ 0.67 and $ 0.81, which are currently providing crucial support.
The expert noted that if Ada holds this level, there is a strong possibility that this can prepare the ground for a solid rebound.
Traders / Investors Mixed feeling
Despite the support of the crucial level, investors and long -term holders have poured tokens, as revealed by the Coiginglass chain analysis company. The Flow / Overtling Spot Data show that exchanges have experienced an influx of $ 4.5 million in Ada tokens, suggesting a potential sale due to the continuous price drop in recent days.
Following this notable influx on exchanges, there is a strong possibility that the assets can undergo a sale pressure and a new drop in prices.
Despite the lowering feeling among investors and long -term holders, intraday traders show a positive attitude towards ADA, as Coinglass revealed.
At the time of the press, the ADA Long / Court ratio is 1.30, indicating a strong bullish feeling among the merchants. This is the highest long / short ratio among the 10 best cryptocurrencies. However, the data also revealed that 56.30% of the best traders currently hold long positions in the ADA, while 43.70% hold short positions.
During the combination of these chain measures, traders and investors seem to have mixed feelings.
Ada Price action and future level
According to the technical analysis of the expert, ADA has become down because it failed to hold the level of $ 0.75 and has now fallen below the exponential mobile average (EMA) on the daily time, suggesting that the asset is in a downward trend.
Based on the recent action of prices and historical models, if the drop in prices and the feeling of the lower market remain unchanged and the price falls below $ 0.65, there is a strong possibility that He can fall at $ 0.50 in the coming days.
ADA Current market prospects
ADA is currently negotiating nearly $ 0.70 and has overcrowded more than 2.55% in the last 24 hours. However, during the same period, its negotiation volume jumped 60%, indicating increased participation of merchants and investors.
