Cardano (ADA) whales, who played a significant role in driving the cryptocurrency's price up by 270% in the last 30 days, have now sold a large number of tokens. This sell-off comes ahead of an upcoming token unlock on December 6, which is expected to cause volatility. The netflow of ADA, which tracks the difference between tokens bought and sold by large holders, has declined significantly, indicating that whales have offloaded tokens, potentially to take profits or rebalance their portfolios. The sell-off amounts to $69 million. The impending token unlock could introduce volatility and hinder Cardano's ability to sustain an uptrend. Technical indicators such as the Bollinger Bands and Relative Strength Index suggest that ADA is overbought, and a correction to $0.92 could be next if the whales do not resume accumulation. However, if they resume accumulation, the price could move above $1.33.



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