Cardano Whale Feeding Frenzy Continues Despite Post-BitcoinOS Price Slump
Cardano’s price takes a hit after BitcoinOS demo—but deep-pocketed investors keep stacking ADA like it’s a Black Friday sale. Meanwhile, retail traders panic-sell into the dip, because nothing screams ’smart money’ like buying high and selling low.
The whales’ relentless accumulation suggests either insider confidence or another coordinated pump waiting to happen. Either way, the ’patient chain’ keeps testing its holders’ patience—while the suits on Wall Street still pretend not to notice crypto’s casino-like tendencies.
ADA whales chart | Source: Santiment
Cardano price technical analysis
The daily chart shows that ADA has fallen from a high of $1.328 in November last year to $0.657. It has formed a descending channel and recently failed to break above the upper boundary, a sign that buyers are reluctant to commit above this resistance.
Cardano has also dropped below the 61.8% Fibonacci retracement level at $0.68 and is now trading under the 100-day Exponential Moving Average. The Relative Strength Index has dipped below the neutral 50 mark, reinforcing the bearish sentiment. As long as ADA remains below the top of the channel and the 100-day EMA, it is likely to stay under pressure. If the bearish momentum continues, a further decline toward the $0.50 support zone is possible.
