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Cardano traded near $0.180 on Monday after a weekly rebound of more than 10%. The move reduced immediate selling pressure, yet traders still split over whether ADA has started a wider recovery or only paused after recent losses.
Derivatives data show a divided market. CoinGlass placed Cardano’s long-to-short ratio near 0.81, close to its lowest level in more than a month. Since the ratio stays below 1.0, more traders still position for downside than upside. At the same time, Cardano’s open interest-weighted funding rate turned positive again at around 0.0083%.
That shift means long holders now pay shorts. As a result, some market participants have started to lean bullish, even while broader sentiment remains uncertain. Whale activity also adds a new layer to the picture. CryptoQuant data shows large spot-market orders appearing during the recent recovery.
The whale orders stand out as they arrived while many other indicators stayed neutral. In the current market, that kind of activity can signal quiet accumulation by larger investors. Historically, whale accumulation has often come before stronger price moves. Still, it does not guarantee an immediate breakout.
Even so, the timing matters. Large buyers have entered while retail sentiment remains cautious, which has kept attention on ADA’s spot market.
That pattern suggests some investors see value near current levels. However, the wider market still needs stronger confirmation before confidence improves.
Cardano still trades below its major moving averages. The 50-day EMA sits near $0.218, the 100-day EMA near $0.247, and the 200-day EMA near $0.322. Until ADA moves above those levels, the broader trend remains bearish. The token also fell close to the lower edge of its recent Fibonacci range during the latest decline.
The $0.148 zone now serves as the main structural support. A break below that level would likely strengthen seller control and raise the risk of another drop. Momentum signals show some improvement. The RSI sits near 38, which stays below neutral but no longer looks deeply oversold. Meanwhile, the MACD has turned slightly positive.
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Initial resistance appears near $0.181. Above that, traders watch $0.202 and then $0.218, where the 50% Fibonacci retracement and the 50-day EMA meet.
A heavier supply zone sits between $0.235 and $0.247. That range includes the 61.8% Fibonacci level, prior resistance, a broken trendline, and the 100-day EMA.
If ADA clears that cluster, later targets around $0.258, $0.288, $0.299, and the 200-day EMA near $0.322 could enter view.
Cardano’s rebound near $0.180 left the market divided, with weak derivatives signals, positive funding, whale buying, and key support at $0.148 shaping the outlook. Traders now watch whether ADA can clear resistance levels or slip back toward lower support again.
