Cardano (ADA) Fund Flow and Price Outlook, Potential Selling Pressure👇

Cardano (ADA) is currently facing a balance issue; despite a recent price increase, the potential withdrawal of major investors brings uncertainty.

On-chain data reveals that whales holding large amounts of ADA are selling their tokens, as they have lost confidence in the project's future.

Historically, such sell-offs usually occur before a price drop.

If the selling pressure from whales intensifies, ADA may fall back to a support level between $0.42 and $0.44.

Despite the bearish risks, ADA still rose nearly 5% last week, indicating sufficient buying pressure to offset the selling.

Additionally, looking ahead, according to technical indicators, ADA should stabilize at $0.46 by July, with resistance turning into support.

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