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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 initiativeCardano (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.
Cardano (ADA) Price
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.
Okay, $ADA is kind of losing support, so right now we should definitely be careful with longs.
But, and this is a big but, if the price manages to give a decent bounce and reclaim a bullish structure on lower time frames, we could see a nice price reversal just at this key… pic.twitter.com/HIh9flKJbI
— Sjuul | AltCryptoGems (@AltCryptoGems) March 30, 2026
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.
Source: Binance
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.
$ADA Just Got Classified As A Commodity And It's Still -90% From ATH 
That's Like Buying Bitcoin When Everyone Called It A Scam…
Except This Time The Government Already Said It's Legit 
Massive Accumulation Zone + Bullish Structure Forming On Higher Timeframe
$10+ ADA… pic.twitter.com/9pqfmGiQeE
— Crypto Patel (@CryptoPatel) March 31, 2026
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.
The post Cardano (ADA) Price: Derivatives Data, Whale Accumulation and Hoskinson’s $200M Midnight Bet appeared first on CoinCentral.
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