Cardano Whales Are Dumping, Traders Not Happy: Will ADA Price Hit New High?

12 hours ago by · 3 mins read

While retail sentiment has soured, analysts say that the ADA token’s contrarian setup could fuel a rebound, with upside targets as high as $1.40.

Cardano ADA $0.83 24h volatility: 3.1% Market cap: $30.44 B Vol. 24h: $1.47 B selling pressure is increasing as large investors continue to offload their holdings and sentiment among retail traders weakens. At the time of writing, ADA changes hands at $0.8244, while daily trading volume has slipped by 4.39%.

Prominent analyst Ali Martinez reported that whales sold 50 million ADA in just 48 hours, a move that could affect prices in the short term.

Whale Selling Puts Pressure on Price

Martinez’s data shows how significant whale selling has pushed ADA closer to the $0.80–$0.82 support zone. If it holds, it could provide a base for recovery. But if it breaks, traders may see further declines.

At the same time, whale activity often follows a familiar pattern, selling into strength and buying back when panic sets in. This means the current dip could just as easily turn into an opportunity for larger players to reaccumulate.

Sentiment Turns Bearish

The Cardano community, which is usually optimistic, has taken a more cautious stance. According to Santiment, the ratio of positive to negative comments on ADA has collapsed to 1.5:1, down sharply from 12:1 in early August.

For many smaller investors, three straight weeks of decline have tested their patience. However, Santiment notes that this kind of bearish mood often works as a contrarian signal. 

When retail traders exit in frustration, it is often the whales who step in quietly, accumulating at lower prices. A recent move from $0.78 back up to $0.82 already suggests this pattern may be repeating.

Charts Point to a Decision Zone

The daily chart below shows that the ADA token is trading inside a broader ascending structure that has been in place since June. At the moment, ADA is sitting on the Fibonacci 0.382 retracement at $0.82, a level many analysts see as decisive.

Independent analyst Quantum Ascend calls this area a “make-or-break zone,” where ADA either confirms a recovery bounce or extends its decline.

Crypto King adds a more bullish note, suggesting that if ADA can maintain its channel, it could retest the $1 level, with possible extensions to $1.20 and $1.40.

ADA daily chart with momentum indicators | Source: TradingView

Whales are clearly active, retail sentiment is at its lowest in months, and ADA is sitting right on a major technical support level. 

If the support at $0.80–$0.82 holds, ADA could soon attempt another leg higher, possibly bringing it back above $1 in the months ahead, which can make ADA the next crypto to explode in 2025.

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