Cardano (ADA) Price: Bears Stay in Control as ADA Tests Key Support After Archax Deal

TLDR

• ADA trades around $0.25–$0.257, down nearly 9% over the past week
• Open interest has risen 3.87% to $428.45 million, with volume up 33.39% to $779.84 million
• Daily active addresses have been falling since late January, now sitting at 13.5K
• Cardano Foundation confirmed integration with Archax, a UK FCA-regulated digital exchange, on March 8
• Key resistance sits at $0.2614 (Fibonacci 0.5); a break above could target $0.2826

Cardano (ADA) is trading at around $0.2572 on Monday, recovering slightly after a rough week that saw it drop nearly 9%. The price remains below its 50-day and 100-day moving averages, keeping the overall trend bearish.

Open interest has ticked up 3.87% to $428.45 million, and trading volume surged 33.39% to $779.84 million. That spike in volume followed news of Cardano’s integration with Archax, a UK Financial Conduct Authority-regulated digital exchange.

The long/short ratio on Binance sits at 1.81 for accounts and 1.94 for top traders, showing that leveraged positions are leaning bullish. Total liquidations came in at $183.61K, with short liquidations making up $180.90K of that.

Despite the short-term volume boost, on-chain data tells a more cautious story. Daily active addresses have been falling steadily since late January and now stand at 13.5K. Fewer active addresses generally means less demand for the network.

Archax Integration Opens Institutional Door

On March 8, Cardano Foundation CEO Frederik Gregaard confirmed that Cardano had been successfully integrated into the Archax ecosystem. Archax operates under UK FCA oversight and within EU legal frameworks.

The integration means MemberCaps Fund I tokens are now held inside Archax’s regulated infrastructure. Assets issued through Archax on Cardano will be subject to strict financial supervision from the start.

Gregaard described the deal as “a tough one” to complete. The result gives large financial institutions a regulated pathway to tokenize traditional assets — like real estate or securities — on the Cardano blockchain.

Technical Levels to Watch

On the 4-hour chart, ADA is testing the Fibonacci 0.5 retracement level at $0.2614. All four EMAs are converging between $0.2574 and $0.2699, forming a resistance cluster that price needs to clear.

Support from an ascending trendline sits near $0.2458. Below that, the $0.25–$0.24 zone is the next structural floor.

Resistance above $0.2614 extends to the Fibonacci 0.382 level at $0.2826, and then to the descending channel’s upper boundary between $0.29 and $0.31.

The RSI sits at 41 on the daily chart, pointing to weak momentum. The MACD is hovering near the zero line, consistent with a mildly bearish bias.

A daily close above $0.27–$0.28 would be needed to shift the technical picture. Below $0.27, bears retain the advantage.

As of March 9, ADA is holding near $0.2572 with the Archax integration confirmed and derivatives data showing fresh capital entering long positions.

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