The price of Cardano (ADA) has shown signs of recovery, rising by over 11% in the last 24 hours. However, ADA is down 20% for the week. On-chain data reveals that whale investors have sold off over 330 million ADA in recent weeks, leading to concerns about the cryptocurrency's short-term trajectory. Artificial intelligence (AI) models predict that ADA may increase by 9.2% to $0.83 in the short term, while some more bullish predictions suggest a surge to $0.95 and a rise to $0.92. However, a more conservative outlook suggests a possible decrease to $0.62. Pseudonymous cryptocurrency analyst BullishBanter sees a path for ADA to reach $1, with a potential reversal toward the resistance range of $0.95 to $1.10. ADA is currently above the 200-day Simple Moving Average (SMA), indicating a longer-term bullish trend. The market sentiment is mixed, with both bearish signals and a high Fear & Greed Index score of 72 ("Greed").



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