Cardano

Long

Minswap

TOLY’S DOG

Cardano<a href="https://yellow.com/asset/ada" rel="noopener noreferrer nofollow">(ADA)</a> short sellers lost more than $500,000 in liquidations over 24 hours as the <a href="https://yellow.com/news/cardano-rebounds-10-but-faces-dollar026-test" rel="noopener noreferrer nofollow">token traded near $0.25</a>, a level one unnamed trader described as "a ticking time bomb."
<h2 id="cardano-short-squeeze-and-whale-accumulation">Cardano Short Squeeze and Whale Accumulation</h2>
Exchange data <a href="https://www.newsbtc.com/altcoin/cardano-in-danger-zone-trader-drops-time-bomb-claim/" rel="noopener noreferrer nofollow">shows</a> more ADA leaving platforms than entering — a pattern typically associated with large holders moving coins into private wallets.
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 The number of <a href="https://yellow.com/news/cardano-whale-wallets-growth-signal" rel="noopener noreferrer nofollow">wallets holding 10 million or more ADA</a> recently hit a four-month high, even as the price kept falling.
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Of $637,500 in total ADA liquidations over the past day, short positions accounted for nearly 80%. Long liquidations absorbed the remaining $135,200.
A chart <a href="https://twitter.com/MinswapIntern/status/2042079297184395742" rel="noopener noreferrer nofollow">shared</a> by Minswap DEX's self-described chief meme officer Mintern on X highlights a horizontal price channel that has contained ADA since early 2022. The token has traded between roughly $0.23 on the low end and $1.18 on the high end for nearly four years.
A descending trendline that formed inside the channel around Aug. 2025, when ADA peaked near $1.02, now intersects the channel's lower boundary. Mintern's post cited an unnamed trader calling for a breakout to $1.20 before the week ends — a roughly 380% gain from current levels.
Also Read:<a href="https://yellow.com/news/crypto-token-failure-rate-cex" rel="noopener noreferrer nofollow">Only 10% Of New CEX Tokens Survive Their First Year, CoinGecko Data Reveals</a>
<h2 id="ada-price-swings-in-recent-months">ADA Price Swings in Recent Months</h2>
ADA has been on a steep decline since the start of 2026. The token opened the year trading in the $0.35–$0.45 range and fell steadily through the first quarter. By Mar. 2026, ADA sat below its 50-day simple moving average near $0.32 and well under its 200-day SMA around $0.52.
Large wallets accumulated roughly 454.7 million ADA worth $161 million between late Nov. 2025 and Jan. 2026, according to on-chain data, even as the price dropped 19%.
The token briefly showed signs of stabilization near $0.29 in mid-March before resuming its slide toward $0.25. <a href="https://yellow.com/news/cardano-trading-volume-surges-past-dollar25-billion-amid-etf-speculation" rel="noopener noreferrer nofollow">Spot ADA ETF filings</a> from Grayscale, VanEck, 21Shares and Canary Capital remain pending and could serve as a significant catalyst if approved.
Read Next:<a href="https://yellow.com/news/bitcoin-quantum-safe-without-upgrade" rel="noopener noreferrer nofollow">Bitcoin Can Be Made Quantum-Safe Without An Upgrade, But There's A Catch</a>

Cardano Shorts Wiped Out As Whale Wallets Reach Four-Month High Near $0.25

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Other articles published on Apr 11, 2026

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