Cardano slips below $0.74, sparking concern and buying interest.
$932M ADA withdrawn from exchanges — signals possible whale accumulation.
Technical indicators point bearish, downside targets near $0.67 or $0.51.
The cryptocurrency market has been volatile over the past 24 hours, and Cardano (ADA) is at crossroads after slipping below the important $0.74 level. The dip has fueled bearish sentiment among traders, but some analysts believe it could actually signal the start of a larger accumulation phase ahead of a potential upswing.
Fresh data shows nearly $932 million worth of ADA has been withdrawn from centralized exchanges since the start of 2025. Historically, outflows like this were last witnessed during ADA’s explosive rally to its all-time high of $3.10 in 2021 — hinting that long-term holders might be quietly accumulating once again.
At the time of writing, ADA is trading at $0.73 and according to CoinGecko data, Cardano’s 24-hour trading volume has surged past $1.1 billion.
In terms of price action, ADA has lost nearly 8% over the past week, moving further away from its much-anticipated $1 mark. The token has formed …
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