The cryptocurrency market is facing a pivotal moment, combining a significant institutional listing with looming macro risks and technical warnings. Cardano (ADA) has been officially listed on Bitstamp by Robinhood in Singapore, expanding its regulated access in the Asia-Pacific region. While ADA was already available on platforms like Coinhako and Coinbase in Singapore, this move brings the asset to a platform with an established compliance position under the Robinhood umbrella, potentially enhancing institutional-grade liquidity.
This development coincides with notable on-chain activity. Despite ADA's price falling more than 74% from its Fall 2025 peak of $0.90 to around $0.26, data from Santiment indicates significant accumulation by large holders. Over the past six months, wallets holding between 100,000 and 100 million ADA have added 819.4 million coins, worth approximately $213.9 million, representing about 1.6% of the total ADA supply. This suggests underlying market structure strength during a perceived bottoming phase.
Meanwhile, the broader market is under pressure. Veteran trader Peter Brandt publicly dismissed calls for Bitcoin to immediately rally to $150,000, emphasizing the critical need for BTC to hold the $60,000 support level to preserve a nine-year rising trendline on long-term charts. His skepticism arrives as the market faces a $8.4 billion options expiry on Deribit on Friday, February 27th, with the "Max Pain" strike price sitting at $75,000—far above current levels near $60,000.
Adding to the bearish technical signals, Dogecoin (DOGE) has confirmed a "death cross" on its weekly chart, where the 23-period simple moving average (SMA) has crossed below the 50-period SMA. This rare long-term momentum indicator suggests a shift to bearish sentiment, with DOGE trading around $0.094, below all major weekly averages. Analysts note that reclaiming the $0.15-$0.17 zone is crucial for any potential reversal.
The immediate market outlook is further complicated by upcoming U.S. macroeconomic data releases, including Initial Jobless Claims, the Producer Price Index (PPI), and the Chicago PMI on February 26th. These prints could influence dollar strength and overall risk appetite, creating a volatile backdrop for digital assets over the next 48 hours.
