The Cardano price is at risk of potential breakdown due to the selling pressure from crypto whales, who have offloaded over 330 million Cardano ADA and have not re-entered the market. This suggests a shift in sentiment among institutional investors or major stakeholders. The Cardano price has experienced a major correction in the past two months, but it is currently seeking support at $0.76 and the 200-day EMA. A potential bullish reversal is indicated by the long-tail rejection candle on this support level. However, if the price breaks below $0.76, it could lead to an extended correction below $0.6.



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