🔹 Cardano (ADA) – October 31, 2025
📊 Current Price: $0.61
📉 Change: +1.30%
Source: BeinCrypto via TradingView
The Cardano (ADA) currency has faced selling pressure over the past few days, approaching the pivotal support level of $0.60. However, on-chain data revealed notable positive movements from whales — that is, large wallets holding between 1 to 10 million ADA.
In the last 48 hours, these whales have added around 70 million coins (valued at approximately $42 million), raising their holdings to the highest level in five months, indicating increased confidence in a potential price rebound.
From a technical perspective, the MACD indicator shows signs of improvement in momentum as the red bars decrease, suggesting a waning selling pressure and that the market is nearing a bullish reversal zone. If the positive crossover of the indicator is confirmed in the coming days, ADA may begin a short-term upward trend.
🎯 Technical Forecast:
If it holds above $0.60, a rebound towards $0.62 – $0.66 is likely.
However, breaking the support could push the price to $0.57 or $0.54, negating the temporary bullish outlook.
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