Cardano (ADA) experienced a slight price drop of 2.04% to $1.06. While market sentiment has turned bearish, on-chain data reveals significant growth in whale activity.
Bearish Sentiment and Declining Public Interest
According to analyst Ali Martinez, Cardano’s weighted sentiment turned negative, reaching -0.786 as of December 16. Historically, such overly negative sentiment has been a precursor to price recoveries, creating opportunities for reversal trades.

At the same time, the number of social mentions for ADA dropped to just 206, a sharp decline from previous peaks. This lower activity indicates waning interest among the general public. A similar trend was observed in November, just before ADA’s price rallied to surpass $1.
Whale Activity on the Rise
Despite the bearish outlook, Cardano’s network recorded a significant increase in whale activity over the past 24 hours. There were 687 transactions exceeding $1 million.
Large transactions often signal accumulation by major holders, which can influence future price trends.Rising whale activity is typically associated with significant price moves, while a decline often leads to stagnation or minor corrections.
Cardano Ownership Dynamics
According to data from IntoTheBlock, ownership trends for Cardano are shifting:
The concentration of mid-sized holders increased by 1.74% over the past month, indicating growing interest from long-term investors.Retail investors raised their holdings by 1.19%, reflecting rising interest among smaller players. This trend often aligns with the early stages of bullish momentum.However, the share of whale holdings fell by 2.69%, suggesting a redistribution among holders.
Bullish Outlook: Can ADA Reach New Highs?
Market commentator Dan Gambardello shared an optimistic forecast for Cardano in the upcoming bull cycle, suggesting that ADA could reclaim its previous all-time high of $3 and even rise to $7.
Gambardello also proposed an ambitious target of $14, which would require a market capitalization of approximately $500 billion. According to him, this target is achievable within the current market cycle.
Cardano’s historical performance supports this bullish outlook:
In the previous cycle, ADA surged from a low of $0.01913 in March 2020 to a peak of $3.161 in September 2021, marking a 164x increase.Some analysts argue that a $14 target is conservative given the asset’s past performance.
Conclusion
Despite the current bearish sentiment and slight price decline, whale activity in Cardano remains robust. Growing interest from smaller investors and optimistic price projections suggest that ADA has the potential to reach new price peaks in the upcoming bull market.

#CardanoADA , #BEARISH📉 , #Cryptocurrencies , #priceprediction , #CryptoNewss

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UNI Faces Price Decline Due to Massive Whale Sell-off
The native token of the UniSwap platform, UNI, is under significant pressure and facing a potential further price drop. On December 10, 2024, whale transaction tracker Lookonchain reported on X (formerly Twitter) that trading firm Cumberland had dumped a substantial 989,520 UNI tokens worth $16.73 million.
These tokens were sold on major exchanges, including Binance, Coinbase, OKX, and Robinhood. The sell-off began shortly after UNI lost 10% of its value.
Current UNI Price Situation
The sentiment around UNI is currently bearish. At the time of writing, the token is trading near $16, reflecting a 14% drop in the past 24 hours. Meanwhile, trading volume increased by 15%, indicating heightened activity from traders and investors. This trend supports expectations of further price declines in the near future.

Technical Analysis and Key Price Levels
The price drop has brought UNI to a critical support level of $16, which is now a pivotal point. This level was anticipated to be retested, but the rapid price decline accelerated the process.
According to technical analysis experts, two possible scenarios may unfold:
Bullish Scenario: If UNI holds above $14.90, it has the potential to rise by 20% in the coming days and reach $19.75.Bearish Scenario: If UNI closes a daily candle below $14.90, the token could lose an additional 24% of its value, dropping to $11.30.

High whale activity and uncertainty around key levels indicate that the coming days will be crucial for UNI. The price trajectory will depend on whether the token can maintain critical support levels or face continued selling pressure.

#UniswapLabs , #CryptoNewss , #BEARISH📉 , #Cryptocurrencies , #cryptowhales

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