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Cardano selling pressure has dropped nearly 50%, easing immediate distribution risk. As weekend trading begins—when liquidity is typically thinner and technical signals can react faster—bullish RSI divergence suggests sellers are losing momentum. Key support near $0.255 now appears to be the level that will determine whether ADA can attempt a short-term rebound.
Cardano has struggled to build sustained upside in recent weeks. The asset is down roughly 4% over the past 24 hours and nearly 9% over the last 30 days, reflecting broader weakness across the crypto market. Still, the timing of the latest technical and on-chain metrics is notable.
On the 12-hour chart, Cardano shows bullish divergence between price action and the Relative Strength Index (RSI), a momentum indicator. Between February 13 and March 6, ADA formed a lower low while the RSI produced a slightly higher low—an arrangement that often appears toward the end of declining phases when selling momentum begins to weaken.
From a buyer–seller perspective, this pattern suggests that while prices continued falling, sellers were losing control of momentum and buyers were gradually absorbing supply at lower levels. Divergences like this can play out relatively quickly once they appear, particularly during low-liquidity periods such as weekend sessions.
On-chain data also points to reduced incentive to sell. The percentage of Cardano’s circulating supply currently in profit has reached another local bottom. This metric reflects how many coins are held above their purchase price; when profitability drops, fewer investors remain in profit, which can reduce selling pressure.
A similar setup appeared on March 4, when the metric fell near 9.43% while Cardano traded around $0.26. Within a day, the price climbed toward $0.28, a rebound of roughly 8%. Now, the profitability measure has declined again, dropping from 11.3% on March 5 to around 7.03% at press time, forming another local low that could support another rebound attempt.
At the same time, selling pressure across the network has fallen sharply. Data from the Spent Coins Age Band metric—which tracks coins moving on-chain across all age groups and often reflects distribution activity—shows a major slowdown. The indicator peaked near 171.42 million coins on February 27 and has since dropped to roughly 89.97 million (a monthly low), representing a decline of nearly 50% in selling pressure.
When fewer coins move on-chain for potential distribution, it often suggests holders are becoming less willing to sell at current price levels, which can reduce immediate supply pressure.
Technically, trend-based Fibonacci extension levels drawn from the February 11 rally to the February 25 peak and the March 6 pullback highlight several zones. ADA is currently trading around $0.258, just above the $0.255 support level.
If buyers defend $0.255, the next rebound target sits near $0.270, representing roughly 5% upside from current prices. The $0.270 area has acted as resistance repeatedly throughout early March. A move above $0.270 could push ADA toward $0.279, a level that has rejected several recent rallies.
Stronger bullish momentum would likely require ADA to reclaim the $0.287–$0.294 range, where previous recoveries stalled.
Conversely, the rebound thesis would weaken if ADA falls below $0.255. A breakdown could push the price toward $0.250, which would invalidate the short-term bounce setup.
Overall, the combination of bullish divergence, a profitability bottom, and a near 50% drop in selling pressure suggests Cardano may attempt a weekend rebound, though the move could remain limited unless buyers push price action above nearby resistance levels.
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