CARDANO UPCOMING BULLRUN💹

Cardano’s Total Value Locked (TVL) in DeFi is meanwhile approaching the $300 million mark – around $295.7M according to DeFiLlama.

At the start of the week, major $ADA ADA holders—wallets with 100 million to 1 billion tokens—added 120 million ADA to their positions within 48 hours.

But that trend quickly reversed. According to analyst Ali Martinez, these large holders sold over 270 million ADA in the following days, worth more than $170 million.

This sharp sell-off increased market pressure, prompting smaller investors to follow. ADA’s price dropped from $0.71 to below $0.62 before recovering slightly to $0.636.

Some analysts caution that ADA could fall further to around $0.50 if it fails to break out of a forming head-and-shoulders pattern.

While geopolitical tensions involving Iran, Israel, and the U.S. may contribute, internal market dynamics are also likely factors.