Cardano News: Crypto Whales Are Buying the ADA Price Dip – Here’s Why
The post Cardano News: Crypto Whales Are Buying the ADA Price Dip – Here’s Why appeared first on Coinpedia Fintech News
Cardano has dropped nearly 12% this week as the broader crypto market remains volatile. Currently priced at $0.7176, ADA shows signs of a slight recovery after experiencing five consecutive days of losses.
This slight recovery has sparked speculation about whether ADA could regain the 0.92 level it recently lost. However, with market conditions still uncertain, it remains unclear whether the bulls can take control and push the price higher.
Technical Indicators Show Uncertainty
Cardano’s price movement is sending mixed signals. While today’s small rebound is a positive sign, the overall trend remains weak after its recent decline.
- The Directional Movement Index (DMI) and the Relative Strength Index (RSI) indicate that bullish momentum is still lacking.
- Without strong buying pressure, ADA’s recovery may be short-lived, leaving room for further losses.
Crypto Whales Are Buying the Dip
Despite the price drop, crypto whales are taking advantage of the lower prices. According to analyst Ali Martinez, whales have accumulated 180 million ADA tokens in the past week.
Wallets holding between 1 million and 10 million ADA now control a total of 6 billion ADA. This aggressive buying suggests that some investors believe a bullish reversal could be on the horizon.
Key Price Levels to Watch
Cardano is showing signs of recovery, with support from crypto whales, which makes a bullish turnaround more likely. If the price breaks above $0.7351, which is the 67.8% Fibonacci level, it could be a good buying opportunity.
The next target would be $0.9216, at the 78.6% Fibonacci level. On the downside, Cardano has strong support at $0.65, with additional support at $0.6272, the 50% Fibonacci level. If the price falls to these levels, they could help prevent further declines.
Market Uncertainty Weighs on ADA
Bitcoin and other risk assets have also seen sharp declines as investor confidence weakens. Concerns over a possible US recession, Trump’s potential tariff policies, and economic instability are adding pressure to global markets.
Analysts warn that slowing economic growth, rising inflation, and uncertainty over the Federal Reserve’s next moves could continue to impact the crypto market—and ADA’s price in the near term.
With whales accumulating ADA, will their confidence be enough to drive a recovery, or will broader market conditions pull the price down further? The next few days will be crucial.
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