Cardano’s ADA is trading near $0.1649, up 4% over the past 24 hours. Trading volume sits at $358.35 million, with a market cap of $6.02 billion.
The gain comes after ADA pulled back to a key support zone earlier this month. Buyers have started stepping back in around this area.
ADA shifted its market structure on July 4, then fell 25% into the Fibonacci golden zone between $0.14 and $0.1567. That drop has not damaged the broader uptrend, and price is stabilizing near $0.164.
Crypto analyst Nehal posted on X that ADA is consolidating inside this accumulation zone, pointing to a possible bullish reversal. Nehal said rising buying activity and improving sentiment could push the price toward resistance and open the door to a breakout.
If that breakout happens, Nehal’s post suggests ADA could climb toward $0.23.
Momentum indicators support the case for a rebound. ADA’s Stochastic RSI is nearing oversold territory, which often lines up with price recoveries.
The price is also holding above the Fibonacci support from the recent pullback. That is giving some traders confidence the current bounce can continue.
Large holders have picked up activity across both spot and futures markets. Average Order Size data shows whales adding to ADA positions in both markets at the same time.
Traders building positions in spot and derivatives together often points to confidence that goes beyond a short-term bounce. It suggests bigger players expect the move to last.
Cardano’s ETFs have posted net inflows for 16 straight months, according to a post from analyst MinswapIntern on X. MinswapIntern shared the data as evidence of steady institutional demand for the asset.
UPDATE
ADA ETFS HIT 16-MONTH INFLOW STREAK
Cardano $ADA ETFs have now recorded 16 consecutive months of net inflows, signaling sustained institutional demand for ADA exposure according to @blockworks pic.twitter.com/YP38VHtTD5
— Mintern (@MinswapIntern) July 29, 2026
That streak points to growing comfort among institutional investors buying regulated crypto products. It also adds to Cardano’s case as a mainstream digital asset.
On the charts, CoinGlass data shows a liquidity cluster worth more than $1 million sitting near $0.18. That level is now seen as the next target for buyers.
A move through $0.18 would clear a chunk of stacked liquidity, which could speed up any climb higher. Traders are watching that level in the coming sessions.
For now, ADA is holding above its recent Fibonacci support while whales stay active in the market. Volume and inflow data continue to point toward steady demand for the token.
The post Cardano (ADA) Price: Liquidity Data Shows $0.18 as Next Key Level appeared first on Blockonomi.
