News View Non-AMP

Cardano (ADA) Price Prediction for February 28

Published by
Chandan Gupta

Today, February 27, 2025, ADA, the native token of the Cardano blockchain, appears to be confirming its bearish outlook due to recent whale activity and the bearish price action it has formed on the daily timeframe.

Cardano (ADA) Current Price Momentum

During the Asian trading session, ADA experienced an upside rally, seemingly attempting a recovery, but later plummeted, once again falling below the crucial support level of $0.65.

ADA is currently trading near $0.65 and has experienced a modest price drop of 0.85% in the past 24 hours. However, during the same period, its trading volume declined by 5.5%, indicating lower participation from traders and investors due to high price fluctuations in the asset.

ADA Price Action and Key Levels

According to expert technical analysis, ADA appears bearish as it has breached and closed a daily candle below the $0.65 mark.

Based on the current price action and historical patterns, if ADA remains below the $0.68 level and further closes a daily candle below the $0.63 mark, there is a strong possibility that the asset could drop by 30% to reach the $0.425 level in the future.

Due to the ongoing market decline, ADA’s price has dropped below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating that the asset is in a downtrend.

Whales Dump 170 Million ADA

In addition to ADA’s bearish outlook, a prominent crypto expert shared a post on X (formerly Twitter), highlighting that crypto whales have sold over 170 million ADA tokens in the past 96 hours, further supporting the bearish sentiment.

With this bearish outlook and overall weak market sentiment, ADA’s futures open interest (OI) continues to decline. Data from Coinglass shows that since the inauguration of U.S. pro-crypto President Donald Trump, ADA’s futures open interest has dropped significantly from $1.48 billion to $542.4 million, signaling declining trader confidence.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Bitcoin Price To Hit New ATH in Coming 1-2 Weeks

Bitcoin price is now trading at $109,236, a level it hasn’t touched in nearly a…

July 3, 2025

IMF Rejects Pakistan’s 2,000 MW Crypto Mining Proposal

The International Monetary Fund (IMF) rejected Pakistan’s proposal to offer subsidized electricity rates to crypto…

July 3, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: How High Will BTC Price Go?

Story Highlights Bitcoin is currently trading at: Predictions suggest BTC could reach $175K in 2025.…

July 3, 2025

Crypto News: MiCA-Compliant EURAU Stablecoin Approved as AllUnity Secures BaFin License

AllUnity, a joint venture asset manager between DWS, Flow, Traders, and Galaxy, has announced that…

July 3, 2025

Donald Trump Crypto Holdings Now Make Up 8% of His Net Worth

Donald Trump’s crypto portfolio is making headlines. A recent Bloomberg report reveals that Donald Trump…

July 3, 2025

Trump’s “Big Beautiful Bill” Could Push Bitcoin Even Higher, If Passed

The House is getting ready to vote on President Trump’s new “One Big Beautiful Bill…

July 3, 2025