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ADA Price Holds Steady Near $0.46 Despite Massive Binance Whale Transfer
Cardano Price Action – Whale activity around Cardano (ADA) intensified after a massive 750 million ADA flowed into Binance on December 10th, creating a sudden surge in liquidity that typically hints at increased sell-side pressure. Traders reacted quickly, as such large inflows often precede sharp volatility spikes, especially during early trend reversals.
Despite the scale of the transfer, ADA managed to hold near $0.46, displaying unexpected resilience. Market participants interpreted the inflow not as a guaranteed sell-off, but as a potential test of demand strength—allowing buyers to measure how well the market absorbed new liquidity.
ADA Breaks Above Its Regression Trend
ADA recently pushed above its multi-month descending regression trend, a structure that had kept price action suppressed since early autumn. This breakout signaled a momentum shift and aligned with rising buy pressure on lower timeframes.
Holding above the former regression ceiling strengthened expectations of a broader recovery. Key resistance zones now sit at $0.48, $0.60, and $0.6975, providing a roadmap for future expansion attempts.
Market structure improved with each retest, while the RSI hovered near 50.56, staying above its moving average and hinting at improving momentum.
Spot Buyers Maintain Control Through Strong CVD
Spot Taker Buy CVD continued to reveal strong buy-side aggression, with spot buyers absorbing most sell attempts across recent sessions. This dominance validated ADA’s breakout structure and reflected growing confidence, even as whales added new liquidity to Binance.
Although strong CVD doesn’t eliminate downside risk, it contributed to a sustained imbalance that allowed bulls to push higher lows.
Open Interest Rises as Leverage Returns
Open Interest jumped 10.15% to $814.87 million, signaling leveraged traders re-entering the market after ADA’s trend break. Rising OI increased the likelihood of volatility, especially near resistance levels between $0.48–$0.50, where rapid OI unwinds may occur.
Heatmap Liquidity Points to Sharp Movements Ahead
Binance liquidation heatmaps showed dense liquidity pockets near $0.48 and $0.50—zones that often act as magnets during strong trends. These clusters bring short-term risk but can also fuel continuation when liquidation sweeps clear weaker positions.
Is Continuation Next for ADA?
ADA’s improving structure—supported by rising CVD, increased Open Interest, and a recovering RSI—positions the asset for potential continuation. If ADA can reclaim the $0.48–$0.50 region, the path toward $0.60 and $0.6975 may reopen.
