#CardanoDebate
The main earlier this month to convert previous support levels into pressure points for bullish investors. If the ADA token fails to maintain its current range, it may be followed by further declines towards lower support areas quickly.
According to Santiment chain data, Cardano whales have offloaded over 270 million ADA in the past week. This large distribution exacerbates selling pressure and indicates that major holders of cryptocurrencies may be expecting further declines, or at least, reducing their exposure amid macroeconomic instability.