Cardano (ADA) price has dropped over 25% in the last seven days, bringing its market cap down to $26 billion. Trading volume has also fallen 35% in the past 24 hours, now sitting at $766 million, signaling decreased market activity.

Meanwhile, whale addresses have stabilized after a brief surge, suggesting a period of balance as large holders await clearer market signals.

Cardano ADX Shows the Current Downtrend Is Still Strong

Within five days, Cardano’s Average Directional Index (ADX) climbed from 11.2 to 41.6, indicating a strong trend that coincided with a 20% price correction.

ADX measures trend strength, not direction, with readings above 25 indicating a strong trend and below suggesting weakness. Given ADA’s high ADX, the recent downtrend has been powerful, reinforcing bearish momentum.

Despite still being in a downtrend, ADA’s ADX has remained stable around 41 and 42 for two days and slightly declined between yesterday and today.

This suggests the trend may be losing intensity, though it hasn’t reversed and is still very strong. If ADX continues to drop while ADA price steadies, sellers could be weakening, possibly leading to consolidation.

However, with no clear reversal, downside risks remain.

Cardano Whales Has Been Stable For Three Weeks

The number of Cardano whale addresses, holding between 1,000,000 and 10,000,000 ADA, jumped from 2,453 to 2,483 between January 9 and January 14. However, after that spike, the number declined slightly and has remained stable over the past few weeks.

Tracking these whales is important because their accumulation or distribution can signal shifts in the market. A rising number of whale addresses often suggests confidence and potential price support, while a decline may indicate selling pressure.

Currently, ADA whale addresses are at 2,469, hovering around this level with minor fluctuations for the past three weeks. This suggests a period of balance. Large holders are neither aggressively accumulating nor selling, possibly focusing their investments on other coins for possible gains in February.

If stability continues, it could mean ADA price is in a consolidation phase, with whales waiting for clearer market direction before making major moves.

ADA Price Prediction: A 55% Upside or Downside?

Cardano price is currently trading between support at $0.65 and resistance at $0.82, with its EMA lines showing a bearish setup—short-term EMAs are positioned below long-term ones.

This suggests that downward momentum remains dominant, reinforcing the idea that ADA is still in a downtrend.

If an uptrend emerges, ADA could test the $0.82 resistance, and a breakout above it could open the door for a move toward $1.03 or even $1.16, a potential 55% upside.

However, if the downtrend continues and ADA price loses the $0.65 support, it could drop further to $0.51 or even $0.32, marking a 55% decline and reaching its lowest levels since December 10, 2024.

After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern. 

Solana‘s BONK Retraces 2024 Gains

The broader meme coin market has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme coins like BONK, Dogecoin, Shiba Inu, and others crashed severely. 

Related Reading

A recent chart analysis by a TradingView expert identified as ‘Cusdridge19523’ sheds light on the extent of Bonk’s severe decline. According to the analyst, Bonk has round-tripped virtually all of its gains from 2024, dropping over 76% from its most recent market peak. 

This massive price crash marks the fourth major correction in the meme coin’s history. In 2024, Bonk experienced three significant price pullbacks that saw its price drop by more than 60%. At the beginning of the previous year, the meme coin fell 72.77% after reaching a local peak. Similarly, during the second quarter of 2024, BONK experienced a 74.2% price drop and declined again by 65.05% around the third quarter. 

Its recent 76.08% in 2025 marks its highest crash compared to previous corrections in 2024. CoinMarketCap also reports that Bonks’ total gains for 2025 are about 78.82%. The meme coin experienced a gradual price drop to its current low, plummeting by 48.02% in one month and another 28.46% in the past week. 

Currently, the BONK price is still in the red zone, having fallen by 1.28% in the last 24 hours. Its current price is $0.000018, aligning with past support levels and consolidation areas that triggered strong rebounds. The TradingView analyst has also revealed that the market may have to wait between 7 and 90 days for BONK to make a round trip and experience a potential price rebound.

Why Now Might Be A Good Time To Buy

As BONK reaches consolidation lows similar to past trends, the TradingView analyst believes its current price level presents an attractive buying opportunity for investors looking to take advantage of market dips. Historically, Bonk has shown a clear pattern of strong price reversals after sharp market corrections, giving investors more reason to believe that the token could once again deliver strong returns from market lows. 

Related Reading

Additionally, the TradingView expert revealed that the broader crypto market outlook for 2025 is bullish, with speculation growing around Solana-based Exchange Traded Funds (ETFs). The introduction of a Solana ETF could also drive institutional interest, indirectly benefiting meme coins like BONK. The analyst has also highlighted the possibility of a BONK ETF, adding to the bullish fire and potentially driving demand.

Featured image from LinkedIn, chart from Tradingview.com

The price of TRUMP has been on a steady decline, experiencing a brief pause last week. Despite this, the cryptocurrency has struggled to regain its footing. 

Even though US President Donald Trump’s decisions have affected market sentiment, they have not provided the necessary momentum for the meme coin’s recovery.

TRUMP Investors Are Pulling Back

Open Interest in TRUMP has dropped by 33%, falling from $854 million to $567 million. This $287 million reduction signals waning confidence among traders. The significant withdrawal of capital indicates that many are exiting their positions, reducing liquidity and amplifying bearish pressure.

The declining Open Interest suggests that traders are growing impatient with TRUMP’s price action. Many investors are choosing to pull their money out rather than bet on a potential recovery.

This trend strengthens the bearish sentiment, making it harder for the asset to regain lost ground.

Technical indicators further reinforce the bearish outlook. The Relative Strength Index (RSI) is currently below the neutral 50.0 mark. This signals increasing bearish momentum, with sellers exerting more control over the price direction.

As long as the RSI remains under the neutral level, TRUMP could continue its downtrend. Without a surge in buying pressure, recovery may be difficult, and the cryptocurrency could face extended consolidation or further losses.

TRUMP Price Prediction: Reclaiming Support

TRUMP is currently trading at $18.40, struggling below the critical resistance of $19.58. However, it remains above its key support level of $16.00. The altcoin’s immediate goal is to reclaim $20.00 as a stable support level.

Given the prevailing bearish signals, a swift recovery remains uncertain. As long as TRUMP holds above $16.00, it may consolidate within the $16.00 to $19.58 range. Breaking past $19.58 will be crucial for any potential uptrend.

Flipping $19.58 into support would pave the way for a rally toward $20.00 and beyond. If this resistance level is breached, TRUMP could target $26.09, effectively invalidating the bearish thesis and reigniting bullish momentum.