ADA suffered a sell-off! ! ! Whales shipped 70 million tokens, facing a sharp correction in the market outlook

Cardano (ADA) has faced significant market volatility recently. Data shows that cryptocurrency whales sold approximately 70 million ADA in the past 48 hours, causing the price of ADA to plummet by more than 20%. Currently, the price of ADA has fallen below the key support level of $0.95, and may further drop to $0.75. If this support fails, the market may continue to be under pressure.

According to on-chain data, despite whale selling causing market panic, the value of ADA flowing out of exchanges has exceeded $51 million, suggesting that some long-term holders are re-accumulating. Market uncertainty is heightened, but for investors, this may provide an opportunity to buy on the dip.

Currently, ADA's relative strength index (RSI) is close to the oversold zone. Although it still faces selling pressure in the short term, the technical aspect shows that there is a certain rebound potential. However, the short-term path to recovery will be significantly challenged given the continued actions of whales.

The current price volatility may represent an opportunity to adjust positions. By seizing every ups and downs of the market, you can sail further in the crypto ocean. If you want to know more in-depth analysis, follow me and make wise investment decisions together!

#ADA #GAS #STRAX #加密市场回调 #本轮牛市周期预期 $ADA $GAS $STRAX