- Whales Sell 180M ADA Amid Short-Term Price Rise
- ADA Trades Tight Range With Weak Trend Signals
- MACD Nears Crossover as RSI Shows Mild Bearishness
Cardano (ADA) has gained steadily over the past four days, recovering from a low of $0.594 on April 16, 2025. However, during this upward movement, whales offloaded more than 180 million ADA. According to an analysis prepared by Ali, this occurred over a five-day period as prices rebounded.
Whales Reduce Holdings During Market Rebound
According to an analysis prepared by Ali, large ADA holders took advantage of the recent price increase to reduce their positions. Over 180 million ADA were sold within five days. This activity followed ADA’s recovery from $0.594 to over $0.63.
This pattern is often seen when whales use short-term gains to exit positions without triggering sharp declines. While ADA was up 2.69% in 24 hours and regained some weekly losses, the large-scale selling raised caution about price stability.
Whale wallet activity also increased briefly. Data from Santiment shows that wallets holding 1 million to 10 million ADA rose from 2,384 to 2,417 between April 13 and 17. However, this number fell slightly the next day, suggesting limited long-term accumulation.
Market Signals Show Mixed Momentum as ADA Consolidates
Cardano has traded between $0.60 and $0.64 for several days. Technical indicators show weak trend strength. EMA lines are turning upward, but momentum remains uncertain. The ADX currently sits at 16.66, below the threshold needed to confirm a strong trend.
The RSI stands at 44.17, reflecting mild bearishness without being oversold. Meanwhile, the MACD remains in negative territory but is approaching a possible bullish crossover. These signals suggest a potential shift, but more buying volume is required.
If ADA breaks above $0.64, the next targets could be $0.66 and $0.70. However, if support at $0.59 fails, the price could fall toward $0.54. With both whales reducing positions and trend strength still weak, the market remains in a cautious phase.
