Cardano’s ADA token is trading near $0.264, sitting just above a key liquidation zone that could trigger nearly $10 million in long position liquidations.
On-chain data shows realised losses have declined significantly from March lows but remain negative, indicating continued selling pressure across the network.
Santiment data shows realised losses narrowing from around -44 million ADA to -10 million ADA, suggesting capitulation is easing but not yet complete.
The liquidation map highlights a dense cluster of leveraged long positions near $0.253, which could be triggered by a roughly 4% price drop.
At the same time, short liquidation levels sit above $0.277, requiring a stronger move higher to unwind bearish positions.
Technical indicators show ADA facing resistance between $0.2856 and $0.3004, with repeated failed breakouts reinforcing this zone.
A sustained move above $0.2856 would shift momentum bullish, while failure to hold support could lead to further downside toward the $0.2438 level.
At the time of reporting, Cardano price was $0.2586.