$215M Floods Into Cardano Staking—Is a Price Rebound Next?
Cardano’s staking pools just got a $215 million vote of confidence—but will ADA’s price follow suit? Whale-sized deposits suggest growing institutional interest, even as retail traders remain skeptical after months of sideways action.
Key metrics to watch: Staking yields now sit at 3.2% annually, outpacing Treasury bonds but trailing meme coin casinos. The network’s total value locked (TVL) still lags behind Ethereum’s by a factor of 20, proving DeFi developers love Solidity more than Haskell.
Bottom line: In crypto, money talks... and right now it’s whispering ’accumulate’ while Wall Street overpays for AI hype stocks.
Cardano price technical analysis
AD price chart | Source: crypto.news
The daily chart shows that ADA has been in a downward trend over the past few months. It has fallen from a high of $1.326 in December last year to the current $0.68.
The coin has dropped below the 61.8% Fibonacci retracement level, a key level often associated with reversals. It has also fallen below the 50-day Exponential Moving Average, a sign that bears are gaining control.
Cardano’s ongoing retreat followed a retest of the upper boundary of its descending channel. Therefore, the coin will likely continue falling as bears target the lower side of the channel at $0.513, about 24% below the current level. A move above the channel’s upper boundary would invalidate the bearish outlook.
