Cardano Enters Accumulation Phase Amidst Bear Market
Cardano (ADA) has been hit hard by selling pressure this year, but recent data suggests that the price may be due for a rebound. According to the Alpha Leverage pressure metric, ADA is currently in an accumulation phase, which follows a deleveraging event where high-leverage positions were flushed out of the market.
This phase indicates that the market has returned to a more balanced and fair level, no longer driven by excessive derivatives capital. Traders are watching this zone closely, as a move back into the red zone would mark a major sell-off.
Despite the current upswing, ADA still holds room for further upside, with limited capital flow and reduced leverage in the derivatives market reinforcing the balanced picture.