Cardano Retail Sentiment Turns Bearish, Creating Opportunity for Whales
Cardano's retail sentiment has turned bearish, creating potential for whale accumulation.
- ADA's bullish-to-bearish commentary ratio dropped to 1.5:1, the lowest in five months.
- A 5% price rebound coincided with this sentiment dip, indicating a possible local bottom.
- Historically, ADA rallies have started during periods of weak retail sentiment.
- A similar setup in mid-August saw a 2:1 ratio precede a surge.
- Euphoric spikes, like the 12.8:1 ratio earlier this summer, led to declines.
The current shift may allow whales to build positions if retail sentiment continues to weaken. This crowd-versus-price divergence is a notable short-term trading signal. Recent trader actions may provide a buying opportunity for long-term investors.