⚡️ Cardano ($ADA ) Falls 15% in 7 Days, Bearish Momentum Signals More Losses

Cardano (ADA) price is down 15% over the past seven days, following a surge that pushed it to its highest levels since 2022. Momentum indicators like ADX show growing bearish strength, signaling intensifying selling pressure in the current downtrend.

Whale activity has also declined recently, reversing earlier accumulation and adding to short-term bearish concerns. With key supports and resistances in play, the next moves will determine whether ADA continues its correction or finds a path to recovery.

🔸 #Cardano Downtrend Is Getting Stronger

Cardano ADX is currently at 19.96, a sharp increase from 11 just a day ago, signaling a strengthening trend. However, since ADA is in a downtrend, the rising ADX indicates that the bearish momentum is gaining traction.

This suggests that selling pressure is intensifying, and ADA may face further downside in the short term if buyers fail to counteract the growing strength of the bearish trend.

The ADX (Average Directional Index) measures the strength of a trend without indicating its direction. Values above 25 denote a strong trend, while readings below 20 suggest a weak or non-trending market.

With ADA ADX approaching 20 and climbing, the downtrend could soon transition into a more pronounced bearish phase, potentially leading to increased price volatility. Unless Cardano price finds support or sees a surge in buying activity, the current trajectory points toward continued short-term weakness.

🔸 #ADA Whales Are Exiting the Market

The number of addresses holding between 10 million and 100 million ADA has declined to 407, down from 409 five days ago. This decrease signals a steady reduction in the number of large holders, or whales, following a sharp increase earlier in December.

The decline suggests that some whales may be offloading their positions, which could indicate reduced confidence or profit-taking.

Tracking whale activity is crucial because these large holders significantly influence market trends.