{"id":40654,"date":"2026-01-29T19:21:22","date_gmt":"2026-01-29T19:21:22","guid":{"rendered":"https:\/\/financialrush.com\/?p=40654"},"modified":"2026-01-29T19:21:22","modified_gmt":"2026-01-29T19:21:22","slug":"what-it-means-for-cardanos-price","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40654","title":{"rendered":"What It Means for Cardano’s Price"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tCardano trades near $0.35 after a sharp drop as price tests key $0.32 support, with weak momentum, whale accumulation, and February events in focus.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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Cardano (ADA) is trading near $0.34 after a 6% drop in the past 24 hours. It is also down about 5% over the past week, extending losses that began in late 2025. Year-to-date, the token is down roughly 1%, in line with broader market weakness.<\/p>\n

Market sentiment remains cautious. Ongoing geopolitical tensions between the US and Iran continue to weigh on risk assets, including ADA.<\/p>\n

Key Support Holds for Now<\/h2>\n

ADA is hovering near a support zone around $0.32, marked as S1 on the weekly chart shared by Crypto Crew University. This level has held before and is now being tested again. It sits below the 21-week and 50-week moving averages, which means the longer trend is still down.<\/p>\n

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\ud83d\udcca #ADA<\/a> 1W Update!
Price sitting at S1 (~0.32), major decision level.
Below 21 & 50 MA = trend still heavy.
SRSI needs a cross to confirm momentum.<\/p>\n

This chart needs proof, not prediction.<\/p>\n

If you were trading this, what would invalidate your bias?
We\u2019re debating it live inside\u2026 pic.twitter.com\/aVsIUpRlZ7<\/a><\/p>\n

\u2014 Crypto Crew University (@CryptoCrewU) January 29, 2026<\/a><\/p>\n<\/blockquote>\n

The Stochastic RSI has yet to form a bullish cross, meaning there is no strong signal of a shift in momentum. Traders are waiting to see if this support holds or breaks.<\/p>\n

On the daily chart, ADA is moving within a downward channel. The price recently bounced from $0.33 and is now testing short-term resistance at the 20-day EMA ($0.37) and the 50-day SMA ($0.38). These levels need to be cleared for any near-term move higher. Analyst Mr. CryptoCeek commented<\/a>,<\/p>\n

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\u201cADA bounced from 0.33 and is testing its moving averages \u2014 decision time.\u201d<\/p>\n<\/blockquote>\n

If it fails here, the price may return to the lower edge of the channel near $0.33. A close above the downtrend line could open the path to $0.50. Meanwhile, the RSI is near 44, showing weak momentum. A push above 50 may help confirm a breakout if buyers step in.<\/p>\n

You may also like:<\/h3>\n

Large Holders Accumulate While Retail Sells<\/h2>\n

According to Santiment, large ADA wallets, holding between 100,000 and 100 million tokens, added more than 454 million ADA over the past two months, as we previously reported<\/a>. At current prices, that\u2019s about $160 million. Smaller holders with 100 ADA or less have sold 22,000 tokens over the past three weeks.<\/p>\n

On January 29, ADA recorded a net outflow of $3.36 million from exchanges. More tokens left platforms than entered, which often means users are moving funds into wallets for holding or staking.<\/p>\n

<\/a>
Cardano (ADA) Spot Inflow\/Outflow 1.29. Source: CoinGlass<\/figcaption><\/figure>\n

Separately, Cardano founder Charles Hoskinson said major updates could arrive next month, according<\/a> to CryptosRus. He described February as \u201ca very crazy month,<\/em>\u201d without giving specific details.<\/p>\n

Upcoming events may include Cardano\u2019s governance upgrades, privacy testing, and the launch of ADA futures on CME, scheduled for February 9.<\/p>\n

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