Whales Sell Over 270 Million Cardano in One Week

Cardano (ADA) is consolidating near critical support after a 15% drop since Wednesday, driven by rising geopolitical tensions impacting market sentiment. The conflict between Israel and Iran contributes to volatility, affecting crypto investments.

ADA's recent losses indicate a risk-off environment as liquidity thins.
Failure to hold above previous resistance has turned support levels into pressure points.
Whales have offloaded over 270 million ADA in the past week, suggesting reduced exposure amid macroeconomic instability.
Currently trading 85% below yearly highs and 107% off last year's peak, ADA struggles to attract demand.
Analysts warn of potential further downside if bulls do not intervene at current support levels.

The daily chart reveals ADA trading at approximately $0.6368, nearing critical support between $0.63–$0.64. A breakdown could lead to prices revisiting March lows near $0.58 or the psychological $0.50 level.

The token trades below key moving averages, indicating a bearish trend.
Declining volume signals waning bullish momentum.

For ADA to regain bullish momentum, it must hold current levels and break above the 100-day SMA around $0.70. Without this, Cardano remains vulnerable amid growing investor caution due to macro uncertainties.