Cardano (ADA) Price: Derivatives Data, Whale Accumulation and Hoskinson’s $200M Midnight Bet

TLDR

• ADA is trading at $0.2404, down 3.09% on the day and 9.09% on the week
• Whales accumulated over 220 million ADA in the past week, bringing large wallet holdings to 13.84 billion ADA
• Price is range-bound between $0.245 support and $0.300 resistance on the 4-hour chart
• 67.21% of Binance top traders are positioned long, with a Long/Short Ratio of 2.05
• Charles Hoskinson invested $200 million into the Midnight project, a privacy-focused blockchain initiative

Cardano (ADA) is trading at $0.2404 as of March 31, 2026, according to CoinMarketCap data. The token is down 3.09% on the day and has lost around 9.09% over the past week.

The 24-hour trading volume sits at $395.29 million, a 14.07% drop from the previous day. Market capitalization stands at $8.68 billion, down 3.94% in the same period.

Despite the price weakness, on-chain data shows whales have been buying. Large wallets accumulated over 220 million ADA in the past week, bringing total holdings to approximately 13.84 billion ADA.

This steady buying from large holders is reducing the supply available on exchanges. Less liquid supply on exchanges typically reduces sell-side pressure, though it has not yet translated into a price recovery.

Price Stuck in a Clear Range

Crypto analyst Sjuul identifies a defined range on the 4-hour chart. ADA is bouncing between support near $0.245 and resistance around $0.300.

The chart shows repeated rejections at the $0.300 level, confirming seller activity at that zone. A recent dip below $0.245 saw a quick recovery, pointing to buyer interest at that level.

If momentum holds, ADA could test $0.270 and then $0.285. A confirmed break above $0.300 would open the door to higher levels.

Losing $0.240 on a closing basis would weaken the current setup and point toward further downside.

Derivatives Data Shows Long Bias

On Binance, top traders are leaning bullish. 67.21% of accounts are positioned long, with a Long/Short Ratio of 2.05 at the time of writing.

The OI-Weighted Funding Rate has turned positive at approximately 0.0062%, showing that long positions now dominate derivatives flows. This reflects growing demand for upside exposure even while price stays compressed.

DMI readings show -DI at 26 and +DI at 20, meaning sellers still hold directional control. The ADX reading of 12 indicates the current trend lacks strong conviction, pointing to a weak bearish structure rather than a sharp downtrend.

Midnight Investment

Charles Hoskinson has invested $200 million into the Midnight project, a privacy-focused blockchain being developed within the Cardano ecosystem.

The investment signals continued development activity around Cardano’s infrastructure. Midnight is designed to address data protection and compliance use cases on-chain.

Crypto analyst Crypto Patel posted that ADA has been classified as a commodity and is still down 90% from its all-time high. He pointed to what he sees as a large accumulation zone and a bullish structure forming on higher timeframes, adding that $10 ADA is “just a matter of time.”

At press time, ADA continues to trade near $0.24 with no confirmed breakout above the 50 EMA at $0.275.

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