Cardano ($ADA ) is currently navigating a period of correction, with its price struggling to break the $1 mark. While the broader market trend suggests a potential climb towards new all-time highs (ATH), technical analysis indicates a pullback to around $0.43 before the next major upward movement. As the price faces resistance, ADA enters a cooling phase that could pave the way for a stronger rally in the weeks ahead.

𝐊𝐞𝐲 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐋𝐞𝐯𝐞𝐥𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐫🚨

In recent weeks, Cardano has encountered resistance near the $1.20 level, a key price point formed after a significant 205% surge from $0.43 in late October to a high of $1.32 in late November. As ADA hit an overbought zone on the Relative Strength Index (RSI) at 82.87, the token experienced a retracement, entering a corrective phase where buying pressure has begun to consolidate. Despite this short-term cooling off, the long-term outlook for ADA remains positive, provided it holds critical support levels.

𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐋𝐞𝐯𝐞𝐥𝐬 𝐚𝐧𝐝 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐃𝐨𝐰𝐧𝐭𝐮𝐫𝐧 𝐑𝐢𝐬𝐤𝐬🔥

While the overall market sentiment is bullish, ADA could experience a deeper correction in the short term. If the price falls further, the next important support level is at $0.7683, followed by the critical $0.43 threshold. Failure to maintain above $0.43 could lead to a more significant decline, with $0.3166 and $0.2427 acting as the next major support zones. However, the likelihood of Cardano’s price falling below the lows from the last bear market remains low, suggesting a strong foundation for a recovery in the near future.

𝐋𝐨𝐧𝐠-𝐓𝐞𝐫𝐦 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐍𝐞𝐰 𝐀𝐓𝐇 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥🚀
Currently trading at $0.912, ADA has shown resilience, with a 2% increase in the past 24 hours. If Cardano can break through the $1.20 resistance level, it could set its sights on testing the previous all-time high of $3.09 and potentially reaching new heights. As the market continues to correct, ADA’s long-term growth potential remains intact, driven by strong community support and positive buying trends.
#CardanoMagic #CardanoStablecoin" #CardanoADA #ADABullish #GrayscaleHorizenTrust

Cardano Faces a Turbulent Period
The price of Cardano (ADA) has recently been hovering above $0.87, but the market shows significant uncertainty. Investors are questioning whether ADA can maintain this level or if it is headed for a deeper decline. In this overview, we’ll explore the factors affecting ADA’s price, key support levels, and possible scenarios if ADA falls below this critical threshold.

Current Situation and Historical Price Overview
Current Value and Market Stats
ADA is currently trading at $0.89808, with a 24-hour trading volume of $3.80 billion, a market capitalization of $31.54 billion, and a market dominance of 0.93%. Over the last 24 hours, ADA’s price has decreased by 8.85%.
Cardano’s all-time high was $3.10 on September 2, 2021, while its all-time low was $0.017354 on October 1, 2017. Since then, ADA has recorded a cyclical low of $0.234392 and a cyclical high of $1.32242. Current market sentiment remains neutral, with the Fear and Greed Index at 74, signaling greed.
Circulating Supply and Inflation
Cardano has a circulating supply of 35.12 billion ADA out of a maximum total supply of 45 billion ADA. The annual supply inflation rate stands at 3.84%, meaning approximately 1.30 billion ADA were minted over the past year.
Factors Driving ADA’s Price Decline
Macroeconomic Impact and Fed Decisions
The recent drop in ADA’s price can be attributed to broader macroeconomic conditions, particularly the Federal Reserve’s decision to lower interest rates by 25 basis points to a range of 4.25% – 4.50%. While this decision aligned with market expectations, cryptocurrencies, including ADA, reacted negatively.
The negative market response stems not just from the rate adjustment itself but also from concerns over the Fed’s outlook for 2025. Investors often interpret the Fed’s actions as a signal of future economic conditions. These concerns can dampen confidence in riskier assets like cryptocurrencies, which is reflected in ADA’s price.
The Big Question: Will ADA Drop Below $0.50?
Critical Support Levels and Risk of Decline
ADA’s price trajectory depends on a combination of external and internal factors. While Cardano remains a large-cap cryptocurrency, its performance has lagged behind the market average. Data shows a lack of significant demand for ADA since December 2, with sell-offs intensifying after the Federal Reserve’s meeting. This decline in interest suggests that the challenges facing ADA are not solely tied to broader market trends but also to waning investor confidence.

Risks of a Deeper Decline
If ADA fails to hold the $0.87 support level, it could drop further to $0.77, paving the way for a more pronounced bearish trend. A sustained lack of buying interest or additional negative developments in the crypto market could eventually push ADA below $0.50.
Possibilities for Stabilization and Recovery
Potential Factors Supporting ADA’s Price
Several factors could help Cardano avoid a steep decline below $0.50:
Positive Market Sentiment: A clearer macroeconomic outlook or renewed optimism around blockchain and DeFi sectors could drive a recovery.Development and Innovation: Announcements of significant upgrades or partnerships from the Cardano team could increase demand.Broader Market Recovery: A general rebound in the cryptocurrency market could provide the support ADA needs to stabilize.
Conclusion
The future price movement of Cardano will depend on a delicate balance between bearish pressures and potential bullish catalysts. If ADA can attract investor interest and overcome current challenges, it may avoid a significant drop below $0.50.

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The Cardano blockchain recorded massive transactions worth billions of dollars, raising questions about whale activity and market sentiment.
Impact on Price and Market Sentiment
According to data from IntoTheBlock, a total of 16.25 billion ADA worth $17.61 billion was moved on December 17 over 24 hours. This surge was accompanied by a 25.83% increase in large transactions, with the total number reaching 10,200.
For context, large transactions are defined as trades with a value of $100,000 or more.
The market's attention is focused on the activity of large investors, also known as whales, within the Cardano ecosystem. Increased whale transactions can improve liquidity and strengthen market sentiment, which may lead to price gains.
At the time of writing, ADA is trading at $1.10, reflecting a 3.77% increase during December 17. This price rebound followed a low of $1.0595, recorded during the previous trading session.
Could ETFs Drive ADA to New Highs?
Analysts point to data from IntoTheBlock, suggesting that ADA whales anticipate significant developments. If their buying activity continues, ADA could potentially test the key resistance level at $1.50.
A previous report by U.Today predicted that ADA could rise to $3 under favorable conditions. Dan Gambardello, founder of Crypto Capital Venture, suggested such a surge could occur if an ETF tied to Cardano were to be announced.
Nate Geraci already predicted in November that ETF issuers may soon apply for approval of spot ETF products tracking the performance of Cardano and Avalanche. Such a move could further boost ADA’s price and support its growth during the current bullish cycle.

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Cardano (ADA) experienced a slight price drop of 2.04% to $1.06. While market sentiment has turned bearish, on-chain data reveals significant growth in whale activity.
Bearish Sentiment and Declining Public Interest
According to analyst Ali Martinez, Cardano’s weighted sentiment turned negative, reaching -0.786 as of December 16. Historically, such overly negative sentiment has been a precursor to price recoveries, creating opportunities for reversal trades.

At the same time, the number of social mentions for ADA dropped to just 206, a sharp decline from previous peaks. This lower activity indicates waning interest among the general public. A similar trend was observed in November, just before ADA’s price rallied to surpass $1.
Whale Activity on the Rise
Despite the bearish outlook, Cardano’s network recorded a significant increase in whale activity over the past 24 hours. There were 687 transactions exceeding $1 million.
Large transactions often signal accumulation by major holders, which can influence future price trends.Rising whale activity is typically associated with significant price moves, while a decline often leads to stagnation or minor corrections.
Cardano Ownership Dynamics
According to data from IntoTheBlock, ownership trends for Cardano are shifting:
The concentration of mid-sized holders increased by 1.74% over the past month, indicating growing interest from long-term investors.Retail investors raised their holdings by 1.19%, reflecting rising interest among smaller players. This trend often aligns with the early stages of bullish momentum.However, the share of whale holdings fell by 2.69%, suggesting a redistribution among holders.
Bullish Outlook: Can ADA Reach New Highs?
Market commentator Dan Gambardello shared an optimistic forecast for Cardano in the upcoming bull cycle, suggesting that ADA could reclaim its previous all-time high of $3 and even rise to $7.
Gambardello also proposed an ambitious target of $14, which would require a market capitalization of approximately $500 billion. According to him, this target is achievable within the current market cycle.
Cardano’s historical performance supports this bullish outlook:
In the previous cycle, ADA surged from a low of $0.01913 in March 2020 to a peak of $3.161 in September 2021, marking a 164x increase.Some analysts argue that a $14 target is conservative given the asset’s past performance.
Conclusion
Despite the current bearish sentiment and slight price decline, whale activity in Cardano remains robust. Growing interest from smaller investors and optimistic price projections suggest that ADA has the potential to reach new price peaks in the upcoming bull market.

#CardanoADA , #BEARISH📉 , #Cryptocurrencies , #priceprediction , #CryptoNewss

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On-chain analyst Ali Martinez reports that large investors are acquiring massive amounts of Cardano (ADA) and popular memecoins as the market remains in a sideways trend.
Whales Purchase Over $85 Million Worth of Cardano (ADA)
According to Martinez, crypto whales accumulated $85.6 million worth of ADA over the past 48 hours, indicating strong confidence in the asset’s future growth.
“Cardano whales bought over 80 million ADA in just 48 hours!”
At the time of writing, ADA is trading at $1.09.

Dogecoin (DOGE) Attracts Large Investors
Martinez also highlights that large capital investors purchased $64 million worth of Dogecoin (DOGE).
“Whales bought another 160 million DOGE in just 24 hours!”
The current price of Dogecoin is around $0.41.

Nearly $150 Million in Two Days
In total, crypto whales accumulated Cardano (ADA) and Dogecoin (DOGE) worth nearly $150 million over the past two days, showcasing increased interest in these assets during a period of market stagnation.
Bitcoin: Analyst Observes Key Support Levels
Martinez also focused on Bitcoin (BTC) and used the In/Out of the Money Around Price (IOMAP) metric. This tool analyzes addresses based on whether they are profitable, neutral, or at a loss to determine key support and resistance levels.
According to Martinez, Bitcoin has strong support in the range of $94,300 to $100,250, where millions of addresses have accumulated a significant amount of BTC.
“Bitcoin stands on top of a major support wall between $94,300 and $100,250, where 2.25 million wallets purchased over 2.18 million BTC.”
At the time of writing, Bitcoin is trading at $105,245.

Conclusion
Crypto whales are showing clear confidence in Cardano (ADA) and Dogecoin (DOGE), having purchased nearly $150 million worth of these assets in just two days. Meanwhile, Bitcoin continues to display strong support around a key price zone, indicating stability and potential for further growth.

#doge⚡ , #CardanoADA , #cryptowhales , #CryptoMarketMoves , #BTC☀

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The Cardano ecosystem offers access to decentralized exchanges and DeFi platforms.
At the end of December, ADA holders must ratify the approval of the new Constitution.
On December 5, 2024, the Cardano (ADA) community approved the new Constitution that will determine a more decentralized governance and encourage the participation of ADA holders, the native token of this network.

Although ADA holders still need to ratify the document for it to come into effect, the first approval, reported by CriptoNoticias, could promote the adoption of the Cardano ecosystem and, why not, boost the price of its cryptocurrency.

Cardano (ADA) is experiencing a steep rally, with its price surging an impressive 300% over the past five weeks. The altcoin recently surpassed the $1 mark, reaching its highest level in nearly two years. However, this surge has not only sparked optimism among investors but also triggered significant profit-taking.
Small Investors Focus on Selling
In recent weeks, small ADA holders have been actively selling their holdings. Wallets containing between 100 and 10,000 ADA have offloaded over 72 million ADA, valued at more than $92 million. This trend has persisted for over a month, highlighting a shift toward profit-taking among smaller investors.
While these sales are putting some pressure on the market, they remain less significant compared to large-scale transactions made by so-called "whales." The market has yet to see a dramatic price decline, but the ongoing selling activity could indicate caution among investors, who prefer to lock in profits rather than risk potential market volatility.

Divergence as a Potential Risk
The macro momentum for Cardano reveals a more complex picture. The Price DAA Divergence indicator shows that while ADA’s price is rising, market activity isn’t increasing at the same pace. This disconnect is often seen as a bearish signal, suggesting that the rally may be driven more by speculative buying than organic investor interest.
The lack of participation from larger market players raises concerns about the sustainability of the current rally. If this trend continues, ADA’s price could face a correction, potentially undermining its current momentum.

Where is ADA Heading?
This week, ADA’s price increased by 25%, reaching $1.29, its highest level in almost two years. This rise reflects growing optimism among investors, but it also approaches critical resistance levels.
The key challenge lies in surpassing the $1.30 threshold. If Cardano manages to break through and turn this level into support, the rally could continue toward $1.50. Conversely, failure to hold above this barrier could result in a decline to the support level of $1.01, erasing recent gains and jeopardizing the bullish momentum.

Summary and Outlook
Cardano’s future depends on maintaining the psychological level of $1.30. Success at this level could confirm continued growth and strengthen investor confidence. However, failure to hold could signal the end of the current rally and a return to lower price levels. In the coming weeks, investors will closely monitor these critical thresholds.

#CardanoPredictions , #CardanoADA , #cryptowhales , #Altcoins👀🚀 , #CryptoNewss

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A prominent crypto trader believes that Dogecoin (DOGE), one of the most popular meme coins, has the potential to reach double-digit values based on historical patterns.
Historical Patterns Suggest Growth
Crypto strategist Ali Martinez shared with his 97,000 followers on the X platform that Dogecoin is currently in a consolidation phase, which could precede new all-time highs.
According to the chart shared by Martinez, DOGE is mirroring its behavior during the bull cycles of 2017 and 2021. The token is trading within a large upward channel, indicating that it is at the start of another growth cycle.
"Look at where we are in the Dogecoin bull cycle. We're just getting started! That's why I'm grateful for the current dip and plan to buy more between $0.40 and $0.30," Martinez said.
His long-term target is $3, with a potential spike to $18 if "things go wild."
At the time of writing, DOGE is trading at $0.391, reflecting a nearly 5% daily decline.

Cardano: Strong Support at $1
In addition to DOGE, Martinez also analyzed Cardano (ADA), a layer 1 protocol. Based on the In/Out of the Money Around Price (IOMAP) metric, Martinez states that ADA has strong support at the $1 level.

The IOMAP methodology identifies support and resistance levels by analyzing profitable, breakeven, or loss-making positions of crypto addresses. According to the data, more than 1 billion ADA has been accumulated at the $1 level across 41,720 addresses.
Cardano: Similar to 2020 Price Action
Martinez also pointed out the similarity between Cardano’s current price behavior and that of 2020, when the token experienced a retracement period before reaching new highs.
"Cardano is in the same position as in 2020. That's why I'm continuing to buy! Even if ADA drops to $0.76, I plan to buy more and take profits between $4 and $6."
Currently, ADA is trading at $1, confirming Martinez’s theory about strong support at this level.

Conclusion
According to Ali Martinez, Dogecoin is just beginning its bull cycle and could see significant price growth in the future. Similarly, Cardano has the potential to reach new highs based on historical patterns, making it an attractive investment. Both cryptocurrencies have strong investor support, and analysts are optimistic about their future performance.

#doge⚡ , #memecoin🚀🚀🚀 , #CardanoADA , #cryptoanalysis , #CryptoNewss

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Cardano Price Encounters Resistance
Cardano's (ADA) price is currently consolidating after a downward correction from the $1.1780 zone. Despite showing a decent recovery, ADA is now facing resistance near the $1.180 and $1.200 levels.
ADA initiated a rise from the support zone at $0.910.The price is trading above $1.050 and the 100-hour simple moving average.A bearish trend line is forming on the hourly chart of ADA/USD (data source: Kraken) with resistance near $1.160.
If ADA manages to break through the resistance zone, it could trigger a further upward movement.
Cardano Price Eyes Further Growth
After forming a support base above $1.00, ADA started a new upward move, similar to Bitcoin and Ethereum. The price successfully broke through resistance levels at $1.050 and $1.120.
However, bears remain active near the $1.20 mark, which led to a peak at $1.1781, followed by consolidation. There was a slight drop below $1.120, with the price dipping under the 23.6% Fib retracement level of the move from $0.910 (swing low) to $1.1781 (high).

Currently, ADA is trading above $1.050, but resistance near $1.150 and a bearish trend line at $1.160 pose significant challenges.
Key Resistance Levels: $1.180 and $1.200.A break above $1.200 could trigger a strong rally, potentially pushing the price toward the $1.2280 region, with further gains possibly reaching $1.250.
Risk of Downside
If ADA fails to break above the $1.180 resistance zone, it could initiate another decline.
Immediate support lies near $1.10750.Major support is near $1.050, corresponding to the 50% Fib retracement of the move from $0.910 to $1.1781.A drop below $1.050 could pave the way for a test of $1.00, with additional support near $0.920, where bulls might step in.
Technical Indicators
Hourly MACD: Gaining momentum in the bearish zone.Hourly RSI: The RSI for ADA/USD is below 50, indicating weaker momentum.
Key Support Levels: $1.070 and $1.050.
Key Resistance Levels: $1.160 and $1.180.
Cardano is at a critical juncture, and its future movement will depend on whether bulls can overcome key resistance levels or bears take control and push the price lower.

#CardanoADA , #priceprediction , #cryptoanalysis , #CryptoNewss , #CardanoPricePrediction

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Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, is experiencing a notable surge in open interest (OI) alongside its bullish price momentum. According to data from CoinGlass, OI has risen by 2.69% in the last 24 hours and 0.83% in the last hour. The total open interest now stands at 915 million ADA, equivalent to $1.11 billion.
The Importance of Open Interest for Cardano
Open interest measures the total number of outstanding derivative contracts in the market. Traders use this metric to assess activity and interest in a specific asset. For Cardano, the 2.69% increase in OI indicates a growing number of traders entering the market to purchase ADA.
This uptick in buying activity reflects the attractiveness of ADA's recent price performance. Over the past seven days, ADA's price has risen by 10.93%, while the last month saw an impressive gain of over 225%.
Increased Activity on Exchanges
Data from CoinGlass highlights heightened trading activity across exchanges such as Binance, Bidget, Bybit, and OKX. Binance leads the charge with a volume of 325.99 million ADA (valued at $394.9 million). Bybit follows with 284 million ADA, while Bidget holds 136 million ADA.
This distribution underscores growing confidence among investors and demonstrates that exchanges are placing significant bets on Cardano. The rise in OI also enhances liquidity, enabling traders to execute larger transactions without causing significant price volatility. Currently, ADA has achieved a 3.27% growth, reaching a value of $1.21.
Cardano's Key Achievements
The Cardano blockchain has been hitting major milestones in recent months. The total number of transactions on the network has surpassed 100 million, according to a report by U.Today.
Additionally, founder Charles Hoskinson highlighted advancements in Hydra, a blockchain scaling solution. During stress testing for the game Doom, Hydra achieved an impressive 134,464 transactions per second (TPS).
This progress, combined with growing investor interest, suggests that Cardano is well-positioned for further growth and is solidifying its role as a leader in the cryptocurrency space.

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The price of XRP rose today, driven by strong optimism about its regulatory future, record open interest, and a market structure pointing to new all-time highs.

XRP is up today, rising 40% in the last 24 hours to reach a seven-year high.

The price has risen nearly 400%, from $0.50 on November 5, when Americans went to the polls, to an intraday high of $2.50 on December 2.
One of the main factors behind this surge is Donald Trump's victory in the 2024 U.S. presidential election, with growing optimism that his administration will promote a favorable environment for cryptocurrency-related businesses.

Current ADA Situation
Cardano (ADA) is currently trading below the critical $1 level, having dropped more than 16% over the past seven days. Yesterday's price movement created uncertainty in the market. While a rebound was observed at $0.93, it lacked the strength needed to spark a significant V-shaped rally. ADA remains at risk of further decline, potentially following Bitcoin's movement. Today, ADA continues to show signs of a downturn, though it has not yet broken the previous day's low.
Potential for a Trend Reversal
Another dip could mark a final low, but confirmation remains difficult without breaking key resistance levels. The current price action suggests a corrective rebound, which might represent the fifth wave downward. If ADA falls below $0.83, it would indicate a continuation of a deeper fourth wave correction.
Possibility of Bullish Divergence
On the 4-hour chart, there is potential for bullish divergence if ADA reaches oversold conditions. If a new low forms but the RSI stays above 20.8-20.9, it could signal a bullish divergence and pave the way for a reversal. However, this is not guaranteed, and concrete price action will be needed for confirmation.
Key Price Levels to Watch
A breakout above $1 could signal the end of the downtrend and the start of a new upward wave. If ADA surpasses $1.67, it would confirm the formation of a significant low, whether it occurs now or after another drop.
Overall Market Sentiment
In the broader altcoin market, ADA is tracking Bitcoin's movements, with altcoins exhibiting increased volatility. Despite Bitcoin's approximate 1% drop, ADA is holding above the critical support level at $0.83, which is crucial for the current setup. Staying above $0.64 is essential to maintain the overall bullish trend that began in November.

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Cardano Gets Constitutional Approval Amid Ecosystem’s Growth

Cardano has successfully approved a Constitution that will guide its governance, scaling, and technological development.
Cardano founder Charles Hoskinson said its empowers the community to enhance the blockchain's resilience and capabilities.
The approval means Cardano is well-positioned to expand its DeFi ecosystem and enhance its Treasury management system.
Cardano has reached a major milestone with the approval of its Constitution during a global convention held in Argentina and Kenya on December 5-6.
The event brought together developers, investors, researchers, ADA stakers, and delegators to shape the blockchain network’s governance and future.
Cardano Community Secures Network’s Future With New Constitution
At the Cardano Constitutional Conference, an overwhelming 95% of delegates — 60 out of 63 members — approved the Constitution.
This foundational document will guide the network’s governance, scaling, and technological advancements. It includes provisions for sustainable growth, robust decision-making, and effective Treasury management.
In his address, Cardano founder Charles Hoskinson described the approval as the culmination of years of work. He expressed confidence that the Constitution would empower the community to drive the network’s evolution, emphasizing its importance in making Cardano more resilient and capable.
“Voltaire is so incredibly important. It’s why what you did here is so incredibly important [because] it makes us so much smarter and so much more capable.
Those weren’t just flags; those are representations of tens of millions and hundreds of millions of people — every person behind those flags could potentially be a person in our ecosystem, and all that made them special can be ours,” Hoskinson stated.
Notably, Hoskinson had previously highlighted the Constitution’s role in managing complexities like Treasury policies.
He explained how Cardano might hold assets such as wrapped Bitcoin if it establishes itself as a Bitcoin-focused DeFi layer.
The Constitution also outlines steps for creating a legal entity to counter bad actors within the network.
This initiative aligns with Cardano’s broader vision under the Voltaire era, which prioritizes decentralization and community-driven governance.
However, the approved Constitution is set to move on-chain next month for review and endorsement by decentralized representatives (DReps).
According to CardanoScan Explorer, there are around 800 DReps in the ecosystem, with more than 50% of them active.
This achievement comes at a time of notable growth for Cardano. According to Input Output Global (IOG), the network recently surpassed 100 million total transactions after recording 2.65 million new transactions in November.
Cardano-based projects have also grown to 1,979, with 603 new initiatives added.
Also, Cardano’s DeFi ecosystem has experienced a significant boost, with total value locked (TVL) jumping from $228 million at the start of November to $686 million.
Meanwhile, ADA, Cardano’s native token, has surged by 184% over the last 30 days. Currently trading at $1.20, ADA has tripled in value compared to last month.
#CardanoADA #CardanoConstitution #AltcoinSeason #CryptoMeme #CryptoNews

Significant Whale Sell-Off Before a Volatile Period
Cardano (ADA) whales, who contributed to the cryptocurrency's 270% price increase over the past 30 days, have begun selling large amounts of tokens. This move comes just before a scheduled token unlock, which is expected to trigger significant volatility.
As of writing, ADA is trading at $1.23. The question remains: will this sell-off push the price further down?
Cardano Whales Start Offloading
On December 2, Cardano's net flow of large holders reached 63.58 million ADA, signaling strong buying interest among whales. The net flow metric tracks the difference between tokens bought and sold by major players. A positive net flow indicates accumulation, while a decline suggests selling pressure.
Since then, the net flow has dropped to 7.62 million ADA, indicating that whales sold 55.96 million ADA, likely to realize profits or rebalance their portfolios. At the current price of ADA, this sell-off amounts to approximately $69 million.

Upcoming Token Unlock as a Key Factor
This recent sell-off could be associated with the token unlock scheduled for December 6. Token unlocks, which release previously restricted tokens into circulation, often impact supply-demand dynamics, leading to significant price movements.

Data from Tokenomist (formerly Token Unlocks) indicates that 18.53 million ADA worth $22.79 million will be unlocked on this date. This supply shock could increase volatility and limit Cardano's ability to sustain its upward trend during this period.

ADA Overbought Signals a Possible Correction
Technical analysis on the daily chart reveals that Cardano's Bollinger Bands (BB) have expanded, indicating increased volatility. When the price approaches the upper band, it suggests an overbought condition.
The Relative Strength Index (RSI), which measures momentum, also points to ADA being overbought. The current RSI value is 82.15, significantly above the 70.00 threshold. This level strongly indicates a potential price correction, which could bring ADA's price down to $0.92.

Future Price Scenarios
If whales resume accumulating ADA, the trend could reverse, pushing the price as high as $1.33. However, the situation remains uncertain as the token unlock and overbought conditions create a highly volatile environment.

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