|
Getting your Trinity Audio player ready...
|
- Whales sold ~350M ADA, triggering a 15% weekly drop.
- Critical support range: $0.53-$0.71; breakout above $0.75 could target $0.90-$1.86.
- Retail holders largely holding; capital flows indicate stabilizing pressure.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Cardano (ADA) is facing significant pressure as major whales unload hundreds of millions of tokens, coinciding with a 15% weekly price drop. According to crypto analyst Ali Martinez, addresses holding between 100 million and 1 billion ADA have sold roughly 350 million tokens over the past week, signaling short-term uncertainty in the market.
350 million Cardano $ADA sold by whales in the past week! pic.twitter.com/M8tJyJ4HyU
— Ali (@ali_charts) October 15, 2025
Whales Trigger Short-Term Bearish Sentiment
The large-scale selling occurred after ADA briefly tested a multi-month resistance level. While such activity often points to profit-taking, on-chain data suggests retail investors are largely holding their positions, limiting additional downward pressure. The result is a market dominated by whale behavior, with broader investor sentiment cautious but not panicked.
Martinez highlights that ADA’s price structure still forms a symmetrical triangle pattern that has been evolving since 2022. This pattern indicates that the cryptocurrency is consolidating within defined ranges, awaiting a decisive breakout or breakdown.
Also Read: Cardano (ADA) Breakout Ahead? Analyst Predicts 194% Rally to $2 Before Year-End
Key Technical Levels to Watch
Currently trading around $0.69, ADA hovers just above the critical support zone between $0.53 and $0.71. Technical indicators show mixed signals:
- Bollinger Bands: Tightening, confirming short-term selling control.
- RSI: 45.6, neutral but leaning slightly bearish.
- MACD Histogram: Slightly negative but flattening.
- Chaikin Money Flow (CMF): 0.11, showing outflows are slowing.
A decisive move above $0.75-$0.80 could spark a recovery toward $0.90, with the next potential target at $1.86. Conversely, failure to hold $0.53 could reignite a bearish trend, potentially revisiting $0.40.
ADA at a Crossroads
Cardano’s near-term outlook depends on whether it can defend key support and break above its descending trendline. Whales remain active sellers, but retail holders’ resilience and neutral capital flows suggest ADA is not in freefall. Traders should watch $0.75-$0.80 as a pivotal zone for the next market move.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
