- Ali Martinez predicts further decline in cryptocurrency prices Cardano (ADA).
- This is supported by retail investor sales and patterns on the hourly chart.
March 30 price Cardano (ADA) could be in for a fresh sell-off as a weekly close below $0,245 opens the door for a possible 11% decline to $0,22, analyst believes Ali Martinez.
Last week, the ADA price opened near $0,25 and closed on Sunday, March 29, at $0,241. As a result of this decline, the price Cardano confirmed a break of the multi-week support level at $0,245, which has remained a reliable rebound zone for the past two months.
Martinez’s bearish forecast will only be refuted if the ADA price reclaims the $0,269 support level. This is the threshold, definite analyst Crypto Patel.
ADA/USD 4-hour chart. Source: TradingView
Price Cardano is under increasing bearish pressure from both crypto whales and derivatives market participants. If over the past month, large holders Cardano with wallet balances from 10 to 100 million ADA increased their share, as evidenced by data Santiment, retail investors with balances between 100,000 and 1,000,000 ADA liquidated their positions.
Low investor demand for ADA coincided with a decline in open interest, the total number of active contracts held by traders across all exchanges.
According to According to CoinGlass, open interest since early 2025 Cardano has fallen from a peak of $846 million in early January to a current $370 million. Historically, low spot demand combined with reduced leverage on derivatives, especially during price fluctuations in a narrow range, is a harbinger of further declines.
ADA open interest since the beginning of the year. Source: CoinGlass
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