Cardano (ADA) is facing worrying signals as market indicators show increasing selling pressure and a decline in activity from major investors, particularly whales. These are factors that could negatively impact ADA's price in the short term.
The current situation of ADA
• User activity decreases: The daily active addresses (DAA) index has declined, indicating a weakening in network usage. This also coincides with stagnation in trading volume.
• Pressure from whales: Large trading activity (over 100,000 USD) has decreased sharply, indicating that large investors are withdrawing. This is a clear bearish signal for the market.
Impact of macro markets
• Bitcoin dominance: Bitcoin is maintaining a strong position, putting pressure on altcoins like ADA.
• ETH price: Ethereum has not shown a clear breakout, which also negatively affects ADA's recovery.
Potential scenario
1. Bullish: ADA could surpass the 1 USD level if positive news arises from the Cardano ecosystem or if the altcoin market shows improvement. In this case, the price may target the 1.5 USD threshold.
2. Bearish: If there is no improvement in momentum, ADA's price may continue to decline, especially if activity from whales and users does not recover.
Expert predictions
Cryptocurrency analyst Javon offers a positive outlook, predicting that ADA could reach 2.77 USD in the next bullish cycle, even hitting 7.80 USD in the long term. This is an ambitious target, but requires support from fundamental factors and market sentiment to achieve.
Conclusion
Cardano is at an important crossroads. Breaking through or maintaining the 1 USD level will signal that ADA may return to a growth trend. However, investors need to closely monitor market indicators and whale movements before making decisions.