⚡Cardano Under Pressure: Whales Retreat as Death Cross Threatens ADA⚡
Cardano (ADA) is facing growing bearish pressure, with the price down 4% in the past 24 hours and nearly 10% over the last week. Daily trading volume has also slipped 15%, now at $869 million — a clear sign of waning interest from both retail and institutional players.
Adding to the concern is a noticeable drop in whale activity, suggesting that large holders are either exiting positions or staying on the sidelines. This shift in sentiment comes as ADA approaches a potential death cross — a bearish technical pattern where the 50-day moving average crosses below the 200-day moving average, often signaling further downside.
The combination of falling price, declining volume, and reduced whale engagement is painting a cautious picture for ADA in the short term. Traders and investors are now watching closely to see whether Cardano can find strong support or if more downside is on the horizon.
Is this just a healthy correction, or is ADA entering a longer-term downtrend?
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