Cardano is trading near USD 0.35 after a sharp decline, while the price is testing the key support at USD 0.32, with weak momentum, whale accumulation and February events in focus.
Market sentiment remains cautious. Ongoing geopolitical tensions between the US and Iran continue to weigh on risky assets, including ADA.
Important support applies for the time being
ADA is hovering near a support zone around $0.32, marked S1 on the weekly chart shared by Crypto Crew University. This level has previously held and is now being tested again. It is below the 21 and 50 week moving averages, meaning the longer trend is still down.
📊 #ADA 1W update!
Price is at S1 (~0.32), important decision level.
Below 21 and 50 MA = trend still heavy.
SRSI needs a cross to confirm momentum.This graph needs proof, not prediction.
If you were to do this, what would negate your bias?
We debate it live… pic.twitter.com/aVsIUpRlZ7— Crypto Crew University (@CryptoCrewU) January 29, 2026
The Stochastics RSI has yet to form a bullish cross, meaning there is no strong signal of a momentum shift. Traders are waiting to see if this support holds or breaks.
On the daily chart, ADA is moving in a downward channel. The price recently rose from $0.33 and is now testing short-term resistance at the 20-day EMA ($0.37) and the 50-day SMA ($0.38). These levels must be cleared for any short-term increase. Analyst Mr. CryptoCeek commented,
“ADA has increased from 0.33 and is testing its moving averages – decision time.”
If it fails here, the price could return to the bottom of the channel near $0.33. A close above the downtrend line could open the path to $0.50. Meanwhile, the RSI is near 44, showing weak momentum. A push above 50 could help confirm a breakout if buyers intervene.
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Large holders accumulate while retail sells
According to Santiment, large ADA wallets, holding between 100,000 and 100 million tokens, have added more than 454 million ADA in the past two months, as we previously reported. At today’s prices, that’s about $160 million. Smaller holders with 100 ADA or less have sold 22,000 tokens in the last three weeks.
On January 29, ADA recorded a net outflow of $3.36 million from the exchanges. More tokens left the platforms than entered, which often means users are moving funds into wallets to hold or stake.
Additionally, Cardano founder Charles Hoskinson said major updates could come next month. according to to CryptosRus. He described February as “a very crazy month,‘ without giving specific details.
Upcoming events include Cardano’s governance upgrades, privacy testing, and the launch of ADA futures on CME, scheduled for February 9.
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