Key Insights:
- Cardano whales liquidated 350 million ADA, worth $245 million, marking one of the largest sell-offs by major holders this year.
- Despite significant selling, ADA maintains stability near $0.71, showing technical resilience amid broader market uncertainty.
- A breakout above $0.90 could propel Cardano toward $1.88, offering a strong upside target despite continued whale repositioning.
Cardano’s largest holders have unloaded more than 350 million ADA within seven days, signaling a substantial shift in high-net-worth positioning. The sale, worth approximately $245 million, follows ADA’s decline below $0.70, triggering speculation over strategic hedging or pre-emptive liquidity moves by insiders. The activity reflects broader market anxiety after a $19 billion crypto sell-off last week.
Whales Exit as Price Action Stabilizes
The wallets involved in the sell-off are not retail accounts but large-scale holders managing nine-digit sums. Their collective decision to liquidate coincided with ADA’s sharp retreat from its recent rally. Despite the heavy selling, the token has held near the $0.71 range, hinting that buyers are defending key support levels. Consequently, the market remains split between fear-driven exits and renewed accumulation.
While whale activity has dominated headlines, analysts see an opposite narrative forming on the charts. According to market strategist Ali Martinez, Cardano continues to trade within a year-long wedge pattern on its 12-hour chart. The cryptocurrency recently bounced from the pattern’s lower boundary, a move often viewed as a potential reversal signal. If ADA breaks above $0.90, the setup projects an extended rally toward $1.88, a 100% climb from current prices.
Market Awaits Direction at Key Resistance
The $0.90 level now stands as the defining threshold for Cardano’s near-term direction. A breakout above this mark could trigger renewed optimism and strengthen technical confidence across altcoins. However, if the token fails to regain momentum, analysts warn that ADA could retrace toward $0.62 or even $0.55. The next few trading sessions are expected to determine whether the bullish pattern confirms or collapses under continued selling pressure.
The contrast between whale outflows and bullish chart structures underscores a pivotal moment for Cardano. Large investors appear to be repositioning as the broader crypto market reassesses liquidity conditions. Meanwhile, traders monitoring the technical setup view the current structure as one of the most asymmetric opportunities in months. Cardano’s performance in the coming weeks could set the tone for its Q4 trajectory amid heightened volatility and shifting sentiment.
