#CardanoDebate Is Cardano’s $1 target a stretch? Why a breakdown could be near??

Cardano [ADA] isn’t getting much love from the whales right now.

Instead of buying the fear, they’re dumping into it, reiterating the same old playbook: dump first, pump later. The $0.60 level is barely holding, and without strong support kicking in, it’s looking more like a crack than a bounce.

So, with whales bailing and fundamentals not stepping up just yet, is the $1 target starting to feel more like a stretch than a setup?

Santiment data showed a sharp concentration, with wallets holding between 10 million and 100 million ADA controlling 35.62% of the total supply, making this whale tier the most dominant force in Cardano’s on-chain structure.