Cardano (ADA) has seen major price swings recently, largely due to its inclusion in Trump’s US Crypto Strategic Reserve. While this news initially sparked a rally, the momentum quickly faded. As ADA’s price dipped, large holders (whales) reacted swiftly, leading to increased selling pressure.
Whales Dump 160 Million ADA – Market Uncertainty Grows
In the last 24 hours, whale addresses holding between 100 million and 1 billion ADA have sold around 160 million ADA, worth approximately $147 million. This sell-off follows a 24% price drop on Monday, further weakening market confidence.
Whale activity often reflects broader market sentiment. Initially, these large holders bought $404 million worth of ADA following its connection to Trump’s crypto reserve. However, their recent sell-off signals doubt about ADA’s near-term performance.
Cardano Network Activity Declines
Cardano’s active addresses have dropped from a weekend peak of 70,000 to just 33,000. This decline in network participation aligns with whale selling behavior, hinting at reduced investor confidence.
When active addresses fall, it often means traders are stepping back, either to minimize risk or wait for a clearer price signal.
Can Cardano Break Resistance at $0.99?
Key Price Levels to Watch
- Current Price: $0.92 (up 8% in 24 hours)
- Major Resistance: $0.99
- Support Levels: $0.85 → $0.77 → $0.70
Bullish Scenario
If ADA breaks above $0.99 and turns $1.01 into support, it could regain bullish momentum and push higher.
Bearish Scenario
If selling pressure continues, ADA could drop to $0.85 or lower, extending its downtrend.
Final Thoughts
Cardano is at a critical price point. If whale selling slows down and demand picks up, ADA could reclaim $1.00+ levels. However, continued selling may push prices lower.
Will ADA break through resistance or face further declines? Share your thoughts in the comments!
