On-chain data shows that ADA prices are being heavily bought between $0.36 and $0.38, indicating that despite the bearish market sentiment, large-scale buying is still entering the market. This buying activity is tightening ADA's supply. This trading activity aligns with Cardano's upgrade to the Ouroboros Leios token in early 2026 and the growing interest from institutional investors, exemplified by Grayscale's subscriptions and the upcoming launch of CME Group futures. Technical analysis indicates a bullish divergence on the 3-day chart, suggesting that selling pressure is easing.

ETC-0.32%
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