February 27 News: Cardano’s native token ADA has risen nearly 20% over the past 48 hours, significantly improving its market cap ranking. According to CoinMarketCap data, ADA has re-entered the top ten; however, CoinGecko lists it as 12th due to differences in circulating supply calculations. Despite the ranking differences, signs of capital inflow are evident.
In terms of price, ADA is currently around $0.292, approaching the psychological resistance level of $0.30. The daily chart shows an RSI of about 50.9, in a neutral to slightly bullish zone, not yet in overbought territory; the AO indicator has broken above zero and turned green, indicating increasing bullish momentum. If the daily price can hold above $0.30, the next target could be around $0.34. Support levels are concentrated at $0.25, where significant buying interest was seen in early February.
On-chain data also supports this bullish outlook. Santiment data shows that over the past six months, “sharks” and “whales” have accumulated approximately 819.4 million ADA when the price dipped near $0.26. Institutionally, Grayscale Investments recently increased its Cardano holdings in its smart contract platform fund to 20.2%, making it the third-largest position.
Whether ADA can maintain its top ten market cap ranking depends on whether the $0.30 level can become a solid support and on overall market risk appetite. If trading volume increases alongside price, Cardano may continue to strengthen its position in the smart contract sector.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data shows: You need to hold Bitcoin for at least three years to avoid losses
Bitwise analysis shows that the probability of holding Bitcoin for over three years and incurring a loss is only 0.7%, dropping to 0.2% for five years, and 0% for ten years. Currently, the market price of $65,000 is above the realized prices for 3-5 years, despite the higher short-term holder risk of loss.
GateNews1h ago
Bitcoin Whale Surge Signals March Volatility
Bitcoin nears 20,000 whale wallets as large holders quietly accumulate during price weakness, hinting at a potential recovery phase.
Santiment flags rising $100K+ crypto transfers, warning that sudden whale spikes often signal sharp market reversals ahead.
March 1 Clarity Act talks and wh
CryptoFrontNews1h ago
Hyperliquid’s PURR Stands Alone in Profit as DAT Peers Sink Into Losses
Hyperliquid Strategies’ PURR stands out in the Digital Asset Treasury market, showing $356 million in unrealized gains, while competitors face significant losses. PURR's structure, linked to the Hyperliquid protocol's operating income, offers a critical advantage during volatile market conditions.
LiveBTCNews1h ago
Pi Network Rolls Out Phase 2 Protocol Upgrades With Mandatory Node Deadline
Pi Network set March 1 as the mandatory deadline for Step 2 upgrades, and Mainnet nodes that miss it risk losing network connectivity.
The update advances Pi’s protocol path toward newer Stellar consensus versions, with the Core Team targeting version 23 by June 2026.
Pi Network has
CryptoNewsFlash2h ago
x402 Triopoly: Solana, Base, Polygon Lead Agent Payments
Cryptocurrency is entering a new competitive phase as artificial intelligence-driven payments move to the forefront. Machine-to-machine transactions are no longer theoretical. Developers are actively building infrastructure that allows AI agents to transact independently, creating a fresh
Coinfomania2h ago
