Cardano (ADA) has dropped nearly 20% in the past 24 hours, hitting its lowest point in weeks. Whales and retail traders are buying in as prices fall, but technical signals are weak. Whales have quietly added $89.6 million worth of ADA, expecting stability or a rebound.

The Money Flow Index (MFI) suggests capital inflows are supporting the ADA price despite the recent crash. Retail traders are joining whales in buying, creating a potential base for a recovery. However, three technical risks remain, including the Smart Money Index (SMI) and RSI showing no bullish divergence.

Cardano’s RSI shows no bullish divergence, indicating momentum hasn’t reversed yet. The price is oversold at 30 RSI, but without divergence, the rebound may be slower. A bearish triangle pattern on the daily chart suggests downside risk unless buyers can sustain higher closes. ADA is currently trading near $0.64, with a possible short-term recovery to $0.76 and $0.89 or a drop to $0.55.

Read more at Yahoo Finance: Whales and Retail Back Cardano (ADA) Price Rebound Despite Bearish Signals