Cardano Price Prediction: ADA Shorts Getting Wrecked As Whale Holdings Hit All-Time High
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In crypto markets, Cardano's ADA traded at $0.1558 on July 2 (+1.30%) as the Parabolic SAR flipped below price for the first time since June and short liquidations outpaced longs, signaling a potential short squeeze even though major EMAs remain overhead at the 20-day $0.1586, 50-day $0.1858, 100-day $0.2204 and 200-day $0.2941 and could cap upside. On-chain and DeFi metrics point to strengthening adoption and fundraising: whale wallets hit an all-time high of 26.2 billion ADA and USDCX minted $5.4M on Cardano in 48 hours, pushing stablecoin reserves past $35M and highlighting token accumulation and stablecoin inflows.
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- Short liquidations outpaced long liquidations for the first time in weeks on Wednesday
- ADA whale wallets just hit an all-time high of 26.2 billion tokens held
- USDCX minted $5.4M on Cardano in 48 hours, pushing total reserves past $35M
Cardano trades at $0.1558 on July 2, up 1.30% and hitting its highest price in a week, as the Parabolic SAR flips below price for the first time since June’s collapse began.
Is ADA’s Parabolic SAR Finally Flipping Bullish?
The daily chart shows the Parabolic SAR at $0.1385, now sitting below spot price for the first time in weeks, a technical signal that momentum may be shifting after a sustained downtrend. Every major EMA still sits overhead: the 20-day at $0.1586, the 50-day at $0.1858, the 100-day at $0.2204 and the 200-day at $0.2941, stacking bearishly but showing the 20-day as the …
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