- Whales sold 140M ADA, raising doubts about Cardano’s rally sustainability.
- Technical indicators show bullish signals, including RSI strength and a MACD crossover.
- Analysts predict ADA could climb toward $1.20 and potentially $1.86 if momentum holds.
Cardano’s ADA has been fighting for attention this week, showing signs of recovery even as major holders trim their positions. The token moved from $0.80 to about $0.88, hinting at fresh momentum. Yet, behind this rise sits a wave of selling from whales unloading over 140 million ADA.
Whale Selling Meets Bullish Technicals
Large investors recently reduced their holdings to 5.46 billion ADA. This shift happened as wallets holding between 1 million and 10 million ADA sold over 140 million tokens in two weeks. The total value of this move stood near $120 million. Despite heavy selling, technical charts continue to flash strength. A bullish flag formed on the 3-day chart and retested successfully, reinforcing the breakout signal. Traders see this as a green light for further upside.
Analyst Clifton believes ADA has room to rally in the coming days. Another voice, Bitcoinsensus, pointed toward a repeating pattern. Cardano previously surged 360% from $0.511 in June 2024 to $1.33 in December 2024. He now projects a potential 260% surge from June’s lows to $1.86. If achieved, that would mark a 110% gain from today’s levels. Momentum indicators add to the story. On the daily chart, the RSI shows more room before overbought territory. This suggests further upside could be possible before exhaustion sets in. Bollinger Bands reveal growing volatility, with the price pressing near the upper band.
Can Cardano Push Beyond the Shadows?
The rally’s fate may rest on whether retail investors and institutions step in with fresh demand. Whales often drive short-term price moves, but broader adoption usually defines the longer trend. Cardano has long prided itself on steady development, and that history may help anchor confidence even when traders fear sell-offs. Some observers argue that whale selling often signals profit-taking rather than collapsing confidence.
If that holds true, the selling may only create short-term dips before new buyers absorb the supply. In that case, the rally could gather fresh wind, much like a sailboat catching stronger currents after a lull. Emotional psychology cannot be ignored. Markets run on fear and greed, often more than fundamentals. When whales sell, fear spreads fast, shaking weak hands. Yet, the same fear often creates opportunity for those willing to hold steady.
Cardano’s story now unfolds between charts and sentiment. Technical patterns glow with bullish signs, but whale moves whisper caution. This balance could decide whether ADA climbs above $1.20 soon or drifts back toward $0.75. The stakes feel heavy because Cardano’s history has shown dramatic cycles. Past rallies carried ADA through sharp surges, but corrections often followed.
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