The article discusses the recent downward trend of Cardano’s ADA cryptocurrency and the potential for a big price move. Whales, large investors, have been accumulating ADA during its price drop, which could lead to a price surge. Data shows a significant increase in large transactions near ADA’s price drop, indicating potential accumulation. The article also mentions the low volatility and negative long/short ratio for ADA, which might deter potential buyers and increase selling pressure. The current price of ADA is $0.2454, and the RSI indicator suggests a potential bullish shift if the price can break past the descending trendline. On the other hand, if the price falls below $0.23, it could strengthen short positions and lead to a decline towards $0.22 or even $0.189.
AI Sentiment: Positive