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- Cardano whales bought 130M ADA, but the price dropped over 11% in 24 hours.
- ADA struggles near key support, with resistance at $0.6793 and liquidation risks below $0.60.
- Retail participation declines, weakening demand and making a strong recovery less likely.
Over the past 72 hours, Cardano whales have bought 130 million ADA. Large purchases often signal confidence, but Cardano’s price tells a different story. Despite the whale activity, ADA has dropped over 11% in the last 24 hours. The price now hovers around $0.5912, showing weakness. This contradiction raises a key question—will Cardano bounce back, or is a deeper fall coming?
Whale Accumulation vs. Bearish Price Action
Cardano's price action is flashing mixed signals. Whales are increasing holdings, yet Cardano struggles to hold key support. A recent breakdown pushed the price into a symmetrical triangle pattern. This setup often leads to sharp moves, but direction remains unclear. ADA trades just above $0.5928, an important level for buyers.
A drop below this mark could send the price of ADA toward $0.5793. On the upside, resistance sits at $0.6793, with a stronger barrier near $0.9907. A break above these levels could change the trend. Retail participation is fading. Only 24,407 addresses remain active daily, far below previous highs. Fewer small investors mean weaker demand, reducing chances for a sustained rally.
Market Sentiment and Liquidation Pressure
Cardano’s MVRV ratio has dropped to -6.05%, showing undervaluation. Many investors now hold at a loss, making them hesitant to buy more. Without new demand, price recovery remains uncertain. Below $0.60, liquidation pressure increases. Many leveraged positions sit near this range, creating risks.
A further decline could trigger forced liquidations, pushing ADA lower. Traders should stay cautious, as the market remains unstable. For now, Cardano whales continue accumulating, but price action remains weak. Without stronger retail interest or improved sentiment, ADA could face more downside before any real recovery.
