Cardano (ADA) danger signal: Whale activity has decreased.

#Cardano ($ADA ), which fell below $ 1 with the pullback in the market, saw a decrease in whale activity.

Cardano (ADA) is trying to recover after the sharp decline it experienced in recent days. Cardano's daily active addresses (DAA) metric indicates that the number of users on the network is decreasing and the selling pressure on the token is increasing. While ADA's transaction volume remains stagnant, the decrease in the number of active users on the network signals that a new decline may be coming.

Cardano's macro momentum indicators are also giving bearish signals. In particular, there was an unexpected decrease in large investors (transactions over $ 100,000). The fact that whales are moving away from Cardano stands out as another factor that could trigger a price decline. In addition, the fact that ETH has not yet regained its strength and Bitcoin dominance is at high levels is suppressing the #ADA price.

The decline of #Bitcoin dominance, $ETH exceeding $4,000 or positive news from the Cardano ecosystem will push the price up. In such a scenario, it is highly likely that the $1 band will be exceeded again. Daily closings above $1 could push the price to $1.5.

Surprising price prediction from a crypto analyst

Although macro data for Cardano signals a decline, some analysts seem hopeful. Crypto analyst Javon expressed his ADA price targets in a post on X (formerly Twitter). Javon, who predicts a 180 percent increase from the current level, estimates that ADA could first reach $2.77. Later, the analyst, who thinks that the price could reach $7.80, surprised ADA investors.