$ADA still looks weak even with whales accumulating. That divergence is interesting long term, but right now derivatives and overall market sentiment are clearly stronger drivers than on-chain accumulation. The biggest issue is the chart structure. Trading below every major EMA while open interest keeps falling usually signals traders are losing confidence and reducing exposure instead of preparing for a rebound. At the same time, RSI near oversold levels means ADA is getting close to a zone where relief bounces become more likely. But without Bitcoin stabilizing, it's hard to expect Cardano to suddenly outperform on its own. Personally, I think ADA is becoming more attractive for long-term accumulation than short-term trading. Short term though, losing the $0.23 area would probably trigger another ugly leg down.