Cardano Braces for 14% Plunge - Can Crypto Whales Rescue ADA From Collapse?
Cardano faces a brutal 14% downturn as market pressures mount. The third-generation blockchain platform, once hailed as an Ethereum killer, now teeters on the edge of a significant correction.
Whale Activity Intensifies
Major holders scramble to position themselves ahead of the predicted crash. These deep-pocketed investors control enough ADA to potentially reverse the downward trajectory—if they coordinate their moves.
Market Mechanics at Play
Whales typically deploy three strategies during downturns: accumulation at lower prices, strategic buy walls to halt declines, and coordinated buying to trigger short squeezes. Each approach carries distinct risks and requires precise timing.
Technical Breakdown
The 14% prediction stems from weakening support levels and declining trading volume. Without substantial whale intervention, technical analysts foresee cascading sell orders accelerating the drop.
Industry observers watch closely—because when traditional finance types panic about crypto volatility, they conveniently forget their own sector's 2008 masterpiece. The question remains: will Cardano's whales treat this as a buying opportunity or abandon ship?
Cardano Whales Attempt To Save ADA
Cardano’s long-term holders have recently shown signs of doubt, moving to sell their ADA during the broader market downturn. On-chain data reveals their selling activity reached a two-month high, signaling a shift in sentiment among this typically steady cohort.
The selling by LTHs is concerning because this group is known for exerting a strong influence over price trends. When their confidence wanes, it often leads to extended declines. Their actions highlight growing skepticism, which could weigh heavily on ADA’s near-term performance.
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On the other hand, whales are working to offset this pressure. In just three days, as ADA’s price weakened, addresses holding between 100 million and 1 billion ADA accumulated more than 460 million tokens. This inflow was worth over $375 million at the time of writing.
Such accumulation highlights whale conviction in Cardano’s longer-term potential. By absorbing the supply sold by LTHs, these large investors are attempting to stabilize ADA’s price. Their activity may prove critical in halting further downside momentum and keeping ADA from breaking below key supports.
ADA Price Could Witness a Correction
Cardano’s price structure currently shows the formation of a double top, a bearish chart pattern. The neckline sits at $0.80, and ADA is hovering just above it at $0.81, leaving little margin before a potential breakdown.
If ADA slips below $0.80, the double top could confirm, sending the altcoin lower. This WOULD set a price target of $0.69, reflecting a nearly 14% decline from current levels and marking significant bearish continuation.
However, if whale accumulation proves effective, ADA could bounce off $0.80 and reclaim $0.83. A decisive move beyond this level would open the path toward $0.90, invalidating the bearish thesis and restoring short-term Optimism among traders.
