February 27 News: Cardano’s native token ADA has risen nearly 20% over the past 48 hours, significantly improving its market cap ranking. According to CoinMarketCap data, ADA has re-entered the top ten; however, CoinGecko lists it as 12th due to differences in circulating supply calculations. Despite the ranking differences, signs of capital inflow are evident.
In terms of price, ADA is currently around $0.292, approaching the psychological resistance level of $0.30. The daily chart shows an RSI of about 50.9, in a neutral to slightly bullish zone, not yet in overbought territory; the AO indicator has broken above zero and turned green, indicating increasing bullish momentum. If the daily price can hold above $0.30, the next target could be around $0.34. Support levels are concentrated at $0.25, where significant buying interest was seen in early February.
On-chain data also supports this bullish outlook. Santiment data shows that over the past six months, “sharks” and “whales” have accumulated approximately 819.4 million ADA when the price dipped near $0.26. Institutionally, Grayscale Investments recently increased its Cardano holdings in its smart contract platform fund to 20.2%, making it the third-largest position.
Whether ADA can maintain its top ten market cap ranking depends on whether the $0.30 level can become a solid support and on overall market risk appetite. If trading volume increases alongside price, Cardano may continue to strengthen its position in the smart contract sector.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polkadot Faces Risk of Sharp Decline as Negative Signals Intensify
Polkadot (DOT) price continues to extend its downtrend, falling below the $1.40 threshold as recorded on Wednesday, following a slight weakening in the previous session. This downward momentum is reinforced by a weakness in derivatives indicators, along with a series of increasingly negative technical signals, indicating ris
TapChiBitcoin31m ago
SOL Is on Its Way to $102 As Ascending Channel Shows Altcoin Ready to Pump 110% Surge: Analyst
Solana (SOL) shows potential for price increase as it stabilizes within an ascending channel, indicating strong buying momentum. Currently priced at $92.48, SOL could rise to $102 if it breaks resistance, with market optimism supported by a bullish index rise.
BlockChainReporter33m ago
BTC Drops 0.57% in 15 Minutes: ETF Capital Deceleration and Derivatives Short Positioning Create Synchronized Selling Pressure
2026-03-25 12:15 to 12:30 (UTC), BTC recorded a -0.57% return within 15 minutes, with price range between 71126.1 to 71751.0 USDT, and amplitude of 0.87%. Market attention increased during this period, with notably intensified volatility, indicating elevated short-term capital participation and shrinking risk appetite.
The primary driver of this movement is the marginal slowdown in ETF capital inflows, weakened buying power in the spot market, and some holders choosing to reduce positions at higher levels. Combined with the derivatives market dominated by short positioning structure, negative funding rates persisting, and longs
GateNews1h ago
ETH drops 0.86% in 15 minutes: On-chain whale transfers and contract long liquidations amplify selling pressure
2026-03-25 12:15 to 12:30 (UTC), ETH experienced a sharp yield decline of -0.86% in an extremely short timeframe, with a price range between 2167.58 to 2191.55 USDT, reaching an amplitude of 1.09%. During this period, market attention surged rapidly, with trading activity and volatility intensifying in sync, resulting in significant short-term price movements that attracted substantial investor focus.
The primary driver of this anomaly was an on-chain whale depositing 13,739 ETH (approximately $28.96 million) in concentrated fashion into a major exchange, triggering sensitive market expectations regarding short-term selling pressure. Immediately following this…
GateNews1h ago
Institution: Circle Stock Price Plunge May Be Misinterpreted, New Stablecoin Regulations Mainly Target Distribution End
Research firm Bernstein points out that the market misinterpreted the Clarity Act draft, causing Circle's stock price to plummet. The bill restricts stablecoin yield distribution, not issuance, so the impact on Circle's business model is limited. In contrast, a certain CEX needs to restructure its revenue mechanism. In the long term, restricting passive income may benefit Circle in consolidating its market position.
GateNews1h ago
