Cardano News: Price Faces Selling Pressure as Whales Offload 50M ADA

Cardano's native token ADA is experiencing significant selling pressure as large holders reduce their positions. The recent whale activity has caught market attention, with technical levels now being closely watched by traders and investors.

Whales Shake the ADA Market

Cardano is seeing heavy selling from its biggest holders, with large wallets containing 1M-10M ADA dumping roughly 50 million coins over two days, creating fresh market uncertainty.

These big players seem to be cutting their positions while ADA fights to stay above $0.816.

ADA Price at Critical Support

ADA is stuck between $0.75 and $0.85 right now. If more whales keep selling, we could see a test of that lower $0.75 level, which has held up pretty well during the summer months.

The key zone to watch is $0.82-$0.85. If ADA can hold above this area, buyers might step in and push toward $0.90. But the charts aren't looking too bullish - volume is dropping off and traders seem hesitant.

What's Next for ADA?

When whales make big moves like this, it usually means volatility is coming. The big question is whether this 50M token dump is just some profit-taking or the beginning of a larger selloff.

Cardano believers are still focused on the platform's development and ecosystem growth. But for short-term traders, keeping an eye on whale movements and how ADA reacts around that $0.80 support level will be crucial.