Cardano disappeared: predictions after whale activity.
Important note:
Cardano has seen a significant increase in activity from large investors trading over $100,000.
The coin has crossed the lower boundary of the uptrend, which could indicate a reversal of the horizontal trend.
The short-term technical outlook is not encouraging and indicators show a continued decline in ADA value.
Although Bitcoin (BTC) is working to stabilize after BTC doubled, the broader cryptocurrency market is still feeling the effects.
Although the stock has not performed very well in recent days, Cardano (ADA) has seen a significant increase in activity from large investors.
According to cryptocurrency monitor Santiment, on April 29, ADA saw a significant increase in transactions from large investors, surpassing $100,000.
Specifically, the number of transactions that exceeded this amount was 1,776, the highest in the last six months.
This increased activity by large investors has historically been associated with potential price volatility.
This is noteworthy considering that ADA's market cap is down 43% since March 13.
