Cardano (ADA) Holds $0.25–$0.27 as Short Selling Surges

Cardano (ADA) is consolidating around $0.27 as buyers defend the $0.25–$0.27 support zone while short sellers increase positions. Blockchain analytics from Santiment noted active ADA wallets’ annual average returns have been negative, a pattern sometimes seen during accumulation periods, though it does not confirm an imminent reversal. Derivatives data is a key driver: ADA funding rates have shifted in favor of shorts, with short selling reaching its highest level since mid-year. This setup can trigger sharp counter-moves if price stabilizes. On-chain and market commentary suggest larger players may be opening longs at depressed levels. Technically, analysts (Ali Charts) point to the $0.25–$0.27 range as the “launchpad” for prior rallies, with historical rebounds of roughly 85% and 200% after testing support. Elliott Wave framing implies ADA may still be in the later stage of a broader correction. If the range fails, a move toward $0.21 is possible, where downside selling pressure may ease. Upside resistance is seen near $0.50, then $0.70–$0.80. Momentum signals such as MACD indicate selling pressure is easing. Short-term forecasts cited by TapTools project a return toward $0.27, then $0.37 (within weeks), and up to $0.42 (over ~3 months), assuming support holds. In the last 24 hours, ADA is up about 2.7%, but it remains below prior peak levels. Traders will likely watch whether ADA can reclaim resistance and hold the $0.25–$0.27 support to confirm a gradual recovery.