🇺🇸 What Will Happen to Cardano (ADA) if Whales Start Selling?
Cardano (ADA) recently experienced a drop and is now trading around $0.65. Despite attempts at recovery, the future of the altcoin remains uncertain.
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🔍 Current Investor Sentiment
Investor support is now more important than ever. If key ADA holders decide to sell their assets, Cardano’s price could plummet.
The Chaikin Money Flow (CMF) indicator remains in negative territory, signaling active selling pressure. A negative CMF value suggests that investors lack confidence in ADA’s future and are inclined to reduce their exposure.
Despite ongoing outflows and bearish sentiment, the MVRV Long/Short Difference shows an interesting trend: while short-term traders are realizing losses, long-term holders are sitting on profits. This redistribution is typically seen as a positive signal, indicating experienced investors still believe in the project.
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📉 Technical Analysis: Key Levels
Cardano is currently testing a critical level at $0.66. A successful breakout could push ADA toward the psychological barrier of $0.70.
However, mixed market signals and unstable investor sentiment are holding back bullish momentum.
The Parabolic SAR indicator, currently above the price candles, confirms a bearish trend. If ADA fails to hold $0.66, it may fall to $0.60 support. On the flip side, a strong breakout above $0.66 could open the way to $0.70, and possibly $0.74, potentially restoring investor confidence.
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💬 Final Thoughts
Whether ADA will rally or crash depends on long-term holders. If they continue to trust the project, Cardano may regain upward momentum. Otherwise, we could see further declines.
Do you believe in Cardano’s long-term future? Drop your thoughts below 👇