Cardano Price Hinges On 5-Wave Advance From August Lows
Cardano (ADA)
Editor:
Eugene Serbin
DailyCoin reports that Cardano (ADA) is forming a micro 5-wave advance from its August 31 lows. The asset faces resistance at $0.228–$0.241, with a pullback keeping bulls cautious amid sideways market movements. More Crypto Online suggests the $0.197–$0.214 support zone is critical for maintaining the bullish 1-2 setup.
If this support holds, the next phase could be Wave 3, which typically offers the strongest price movement. This wave could push ADA toward $0.28, while a failure might lead to a drop toward $0.157–$0.188. On-chain metrics show fragility, with the SuperTrend hovering just below the $0.21 price.
The Smoothed Moving Average remains at $0.2144 as investor sentiment stays mixed. Retail sentiment has shifted bearish, indicating coin distribution in the red zone. Daily Derivatives data shows $650 million in 24-hour futures volume. Long positions are being liquidated due to excessive leverage despite aggressive buying on Binance and OKX.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 10 September 2026. Not the outlet's figures.
ADA trades at $0.2119 with a 1-hour buy ratio of 48.1% and a 4-hour ratio of 47.1%. These short-term readings are slightly higher than the 24-hour buy ratio of 46.8%, suggesting a marginal increase in buying pressure. The 1-hour volume delta is -$20,241, while the 4-hour delta is -$347,057, indicating net selling over these periods. Over the full day, the volume delta is -$2,536,203, showing sustained outflow. However, the 24-hour CVD closes at +$48,622, reflecting net buying pressure over the full cycle. This divergence suggests that while recent hours saw selling, the broader 24-hour trend retains some net buying character. Spot volume for the day reached $39,952,360 across 196,012 trades.
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.
Over the preceding week, the average buy ratio was 50.2%, making today’s 24-hour ratio of 46.8% a 3.4-point decrease. Volume was 1.06 times the average, indicating slightly higher activity than usual. The 8-day price change was +5.3%, with a total volume delta of -$431,248 for the period. Today’s 24-hour volume delta of -$2,536,203 is significantly larger in magnitude than the weekly average, suggesting an unusual day of net selling relative to the prior trend. This marks a shift from the four days of net buying recorded over the past week.