As with almost any other top altcoin in the world, the ADA price was hit hard by the recent market crash, dropping to $0.57 before bouncing back above $0.73 during the current market recovery.
What you'll learn 👉
ADA Whale Movements
Crypto veteran Ali Martinez has raised a red flag for Cardano holders. The market analysis reveals a troubling trend that goes beyond simple price fluctuations.
Looking at the price chart, there’s a clear downward trajectory from mid-January through early February. Sharp drops occurred around January 31 and February 2, with the ADA price touching $0.76 on February 4. But the real story is in the whale activity.
Large ADA holders have been aggressively selling, offloading over 330 million tokens. This massive sell-off directly correlates with the price declines, highlighting how these big players can dramatically influence market sentiment.
Ali explained that whales haven’t bought the dip yet, which is a critical red flag for Cardano. This hesitation from major investors suggests they’re either waiting for an even lower entry point or see limited short-term potential in ADA.
Whales have offloaded over 330 million #Cardano $ADA and haven't bought the dip yet! pic.twitter.com/IATZgaPQDv
— Ali (@ali_charts) February 4, 2025
What This Means for Cardano
The market shows some interesting dynamics. There’s a weak psychological support zone around $0.7, but it’s looking fragile. What’s most concerning is the complete lack of whale accumulation during the dip. This suggests a bearish outlook – these major investors aren’t seeing an immediate reason to buy back in.
The divergence between price and holdings is telling. Despite the significant price drop, whales aren’t stepping in to buy, which typically signals low confidence in a near-term recovery.
Readers should keep a close eye on whale movements. These big investors often provide the first signals of where the market might be heading. Their massive sell-offs can be a crystal ball for crypto trends, giving smaller investors a heads-up about potential market shifts.
Read also: Why is Raydium (RAY) Price Pumping?
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