Apr 19, 2025
7 0
Cardano Whales Offload Over 180 Million ADA in Five Days
Cardano (ADA) is currently facing a critical phase after experiencing significant selling pressure. Key points include:
- ADA has rebounded 25% from early April lows despite a fragile broader crypto market.
- Whales have offloaded over 180 million ADA in the past five days, indicating profit-taking among larger holders.
- Market uncertainty persists due to ongoing US-China trade conflicts and fears of a global economic slowdown.
- ADA is testing a crucial demand zone, which could determine the sustainability of its recovery.
- If ADA holds above current support levels, a short-term rally may occur; failure to do so could lead to further declines.
Currently trading at $0.63, ADA struggles below the $0.66 resistance zone. A break above $0.75, aligned with the 200-day moving average, is needed for a bullish reversal. Losing the $0.60 level could trigger additional selling, potentially pushing the price toward the $0.50 support zone.
