Cardano holds support as momentum fades amid broader market caution
Cardano (ADA)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Cardano (ADA) posted a mild gain on Thursday, rising nearly 2% to maintain a constructive near-term bias. The asset is currently trading above its 50-day Exponential Moving Average at $0.1925 and its 100-day EMA at $0.1975. Price action is also tracking an upward-sloping support trendline located around $0.1838.
Despite this positioning, the broader recovery remains capped by the 200-day EMA at $0.2531, which is reinforced by an ascending trendline. A sustained move above this overhead barrier is required for Cardano to target the February 2 high at $0.2991. Technical indicators show the Moving Average Convergence Divergence declining below its signal line while remaining marginally above zero.
This suggests that upside momentum is waning as the Relative Strength Index drops from overbought territory into neutral territory at 54. Immediate support is identified around the recent $0.2051 area, with stronger demand clustered near the 50-day and 100-day EMAs.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 3 September 2026. Not the outlet's figures.
Cardano is trading at $0.2012 with a 1-hour buy ratio of 48.5% and a 4-hour buy ratio of 52.2%, compared to a 24-hour ratio of 48.7%. The 4-hour buy ratio is higher than the 24-hour average, suggesting that buying pressure is building over the shorter term. However, the 1-hour buy ratio is below 50%, indicating that selling volume slightly outweighs buying volume in the immediate present. The 1-hour volume delta is negative at -$42,952, meaning more money is leaving the market than entering it during this short window. In contrast, the 4-hour volume delta is positive at +$181,035, showing that net buying has occurred over the longer timeframe. This divergence suggests that while short-term sellers are active, the broader intraday trend still favors buyers.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
The current 24-hour buy ratio of 48.7% is 1.6 percentage points higher than the 7-day average of 47.1%. This indicates that today’s buying activity is slightly more balanced than the recent weekly norm. Trading volume is at 0.92x the average, meaning activity is below the typical weekly level. Over the preceding eight days, the price has changed by -5.3%, and the total volume delta has been negative at -$8,908,231. This context shows that today’s modest buy ratio improvement is occurring against a backdrop of a week-long downtrend and lower-than-average volume.