CandleFocus Whales Dump 330 Million Cardano (ADA), What’s Next?
2025-02-04
Author: Content Editor
Cardano (ADA) has remained unaffected by the recent market decline, with whales dumping millions of ADA tokens onto exchanges instead of purchasing them during the dip. Despite this substantial sell-off, ADA has held its support and could potentially see a 50% increase to reach $1.12 in the future, with mild resistance expected near the $0.83 level. Intraday traders are optimistic, with many betting on the long side. There are major liquidation areas at $0.738 and $0.703 where bulls are over-leveraged, and a key level at $0.781 where short sellers are over-leveraged. Overall, experts, recent price action, and on-chain metrics suggest that bulls are present in the market and could support ADA's future gains.
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