The whale activity in Cardano (ADA) has remained relatively flat after selling off over 180 million ADA, causing the price to drop from $1.14 to $0.93. This sell-off triggered panic among smaller holders and increased ADA's volatility. However, accumulation signs have emerged as whale holdings stabilized, suggesting potential recovery. Short-term, the price has slightly recovered to around $0.934, with the possibility of pushing above $1.00 in the coming weeks if whales resume accumulation. In the long-term, sustained accumulation by large holders could reinforce price stability and bullish momentum. Cardano futures open interest has surged to an all-time high, exceeding $1.5 billion, indicating increased speculative activity and investor confidence. However, increased open interest and excessive leverage could also lead to sudden corrections and sharp declines. Monitoring funding rates and liquidation data is crucial to predicting ADA's next move.
Content Editor ( thecoinrepublic.com )
- 2025-02-01
Cardano Price: Is Bullish Breakout Possible Amid Whale Inactivity?
