Cardano (ADA) Struggles at $0.66—Will Key Holders Trigger a Sell-Off?
Cardano Price Struggles Near Resistance as Investor Sentiment Turns Cautious
Cardano (ADA) is facing growing uncertainty as it hovers near the $0.65 mark, with investor sentiment playing a crucial role in the token’s next move. Amid persistent outflows and bearish technical indicators, concerns are rising that major holders could trigger a fresh round of selling pressure.
ADA Price Faces Resistance at $0.66
Currently trading at $0.65, Cardano is testing a critical resistance level at $0.66. Breaking past this threshold could pave the way toward $0.70, but the momentum remains fragile. If ADA fails to flip $0.66 into support, a drop toward $0.60 is likely—deepening the recent correction.
One key signal of bearish momentum comes from the Parabolic SAR indicator, which is sitting above the current price candles. This typically suggests the path of least resistance is down, reinforcing the cautious tone surrounding ADA’s short-term outlook.
Bearish Money Flow Reflects Investor Skepticism
The Chaikin Money Flow (CMF), which tracks capital moving in and out of the asset, remains below the zero line—indicating net outflows. In other words, more ADA is being sold than accumulated. This reinforces the idea that holders are losing confidence and possibly offloading their positions.
The continued presence of outflows highlights mounting skepticism within the community. For a token like Cardano, which relies heavily on community support and long-term belief in its vision, this trend is especially concerning.
Long-Term Holders Hold the Line—For Now
On the flip side, the MVRV (Market Value to Realized Value) Long/Short Difference is flashing a more optimistic signal. It suggests that long-term holders are still in control of a majority of ADA’s circulating supply, while short-term traders have already taken profits.
This could be a bullish undercurrent—if those long-term holders remain committed. However, if market pressure continues and long-standing investors begin to sell, it could accelerate downward momentum and erode confidence further.
What’s Next for ADA?
The next few days could be pivotal for Cardano. Holding above $0.65 and breaking $0.66 would be essential steps in reversing bearish sentiment. If the token can rally past $0.70 and aim for $0.74, that would invalidate much of the current market fear and restore momentum.
But the risk of failure looms. Should sentiment deteriorate further and major holders choose to exit, ADA could quickly retreat toward $0.60—or lower.