Cardano reclaims 2‑month range after weekend breakdown

Cardano (ADA) briefly broke below February’s lows, then rebounded about 6% from $0.234 and returned to its two-month range. The key question for traders is whether this “Cardano range” recovery is just a bounce or a renewed liquidity sweep. Technical picture stays range-to-bearish. Since Oct 2025, ADA has formed lower lows and lower highs. The Directional Movement Index has been indecisive for three weeks, while OBV remains range-bound and moving averages have converged without a bullish crossover. This suggests limited upside momentum and a move back above resistance could fail quickly. Despite whale activity, the swing-trader bias remains bearish. AMBCrypto highlights that Cardano whales accumulated about 220 million ADA over a week, with large-wallet holdings totaling ~13.84B ADA—an absorption narrative, but not enough to flip structure. Key levels for trading: - Watch $0.233 and $0.278 as swing points on the higher timeframe. - A bounce toward $0.26–$0.27 is expected to be a selling opportunity targeting the $0.233 lows. - Until $0.278 is breached, the bias can stay bearish. - If ADA loses $0.233, downside targets are $0.222 and $0.205, which would confirm a breakdown from the range. Bottom line: ADA is back inside the Cardano range, but indicators and structure still favor bears unless $0.278 is reclaimed.