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Cardano Faces Sell-Off After Whale Loss, ADA Risks Falling to $0.30
Cardano (ADA) Faces Market Pressure Due to Whale Activity
- ADA is trading around $0.46–$0.49, having fallen below key support levels.
- A dormant wallet holding 14.45 million ADA swapped into USDA, causing a $6.2 million loss due to slippage.
- More than 440 million ADA has been sold by large holders in the past month.
- ADA's break below $0.52 confirms a bearish market trend with increased volatility.
Technical Indicators and Potential Price Targets
- Key technical target at $0.43 aligns with bearish momentum indicators like MACD and RSI.
- MACD shows a deepening bearish crossover; RSI near oversold at 37.
- Analysts warn of potential decline towards $0.30 if recovery fails.
Upcoming Developments in Cardano Ecosystem
- The launch of Midnight’s NIGHT token on December 8, 2025, could shift sentiment.
- NIGHT introduces privacy-focused smart contracts balancing confidentiality and compliance.
- However, ADA's immediate outlook remains uncertain due to technical and liquidity challenges.
ADA's current stabilization is precarious, with risks of a drop to $0.43 or $0.30 if selling pressure continues.