
Jakarta, Pintu News – Cardano is having a hard time breaking through the psychological $1 mark. Despite previous bullish optimism, investor sentiment has begun to weaken along with massive selling by large numbers of Cardano holders. This trend adds pressure to Cardano’s already slumping price action.
The whales have been the main driver of the bearish atmosphere engulfing Cardano (ADA) at the moment. Recent data shows that addresses holding between 1 million to 10 million ADA have sold over 560 million tokens in just four days.
At nearly $500 million, this massive sell-off reflects a lack of conviction among large investors. This activity shows the impatience of the whales who seem unwilling to wait for Cardano’s slow rise towards $1. They choose to secure profits now to minimize exposure to further downside risks.
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Currently, Cardano’s price is at $0.888, slightly above the $0.880 support. However, current market conditions suggest the risk of losing this critical level if bearish sentiment increases. Vulnerability to price declines is still evident as whale selling continues.
If ADA falls below $0.880, the next key support is at $0.837. A drop to this level would extend the recent losses and might trigger further liquidation of smaller holders, creating additional downward pressure. This could hamper ADA’s recovery path.
Conversely, a bounce back from $0.880 could trigger a short-term rally towards $0.931. Turning this resistance into support would improve market sentiment, allowing ADA to target $0.962. Breaking this barrier would negate the bearish thesis and bring Cardano closer to $1.

Despite the current challenges, Cardano’s long-term prospects are still promising thanks to the continuous development and updates to its platform. Technological improvements and ecosystem expansion may strengthen Cardano’s position in the cryptocurrency market.
However, to reach and sustain the $1 level, Cardano needs more than just a technical recovery; it needs a substantial restoration of investor confidence. Continued development and strategic partnerships may be the key to restoring positive sentiment among investors.

With the current challenges faced, the future of Cardano (ADA) in the cryptocurrency market remains uncertain. However, with the right strategy and restoration of investor confidence, there is potential for price recovery and the achievement of the psychological target of $1. Investors and market watchers will continue to closely monitor this dynamic.
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