Recent trading activity indicates a significant shift among large Cardano holders, leading to a decline in support levels for the cryptocurrency.
Cardano has experienced fluctuating performance over the past few weeks, with market sentiment affected by broader crypto market trends and internal sell-offs.
Today, reports show that major whale investors have started liquidating their holdings, which has put downward pressure on ADA’s price and support levels.
This development could impact retail investors and traders who rely on support levels for stability, possibly leading to increased volatility in the near term.
Market analysts suggest that ongoing whale activity warrants caution, and investors should monitor upcoming trading volumes and key resistance points.
Next, traders will watch for potential rebounds or further declines, especially as broader market conditions and investor sentiment evolve.
