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. 

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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. 

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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

Crypto exchange Deribit is banning Russian nationals and residents due to new EU sanctions. Although the exchange is based in Dubai, its Dutch parent company requires compliance with EU economic restrictions.

Russians make up the second-largest demographic on the exchange, but several competitors are more popular within the country. These sanctions may actually harm Deribit more than Russia’s crypto community.

Deribit To Exit Russia

According to TASS, the crypto derivatives exchange Deribit is completely withdrawing from Russia. This is due to new EU sanctions placed on Russia, but this also leaves a few exceptions.

For example, if a Russian-born person has citizenship or a permanent residence within the European Economic Area, they can continue. All Russian firms, however, are banned.

“Due to EU sanctions against Russia, Deribit is no longer able to accept Russian nationals and Russian residents as its clients, unless an exception applies. Since Deribit’s parent company is Dutch, these EU sanctions are relevant to us,” Deribit claimed in a statement.

Sanctions have become a defining part of Russia’s cryptocurrency ecosystem. Digital assets have seen wide adoption in Russia due to their ability to bypass sanctions, and government officials even espoused this practice at last year’s BRICS Summit.

However, the US Treasury is aware of the practice and keeps piling sanctions on the industry. Deribit continued to operate in Russia despite US sanctions, but new ones from the EU changed the equation.

Over the years, the exchange has faced significant regulatory challenges. This was one of the reasons why Deibit relocated to Dubai in 2023. However, even Russians living in Dubai are banned from registering on the exchange.

This isn’t the exchange’s only recent setback. Last month, it considered a buyout from Kraken. Additionally, data shows that Deribit is a popular exchange within Russia but nowhere near as popular as several other competitors. Meanwhile, Russian citizens are the second-largest demographic of users by country on Deribit’s end.

In other words, these sanctions might actually harm Deribit more than the broader crypto community in Russia. If nothing else, this incident proves the importance of decentralized institutions within crypto.

These international sanctions are still somewhat limited in their reach, and DeFi provides many tools to circumvent them.