Key Takeaways
- Crypto whales have sold 4 million Cardano (ADA) tokens over the past week.
- Despite the multi-million sell-off, the price action appears to be shifting, with ADA surging 8.35% and poised for another 52% price increase.
- ADA’s upward momentum could only be possible if the asset clears the descending trendline resistance.
community after millions of tokens were dumped, while the price continues to hover near a key support level.
Whales Dump 4 Million ADA
Today, a well-followed crypto analyst shared data from the on-chain analytics platform Santiment, revealing that whales holding between 100K and 1 million ADA have dumped 4 million coins over the past week.
The impact of this offload is already evident on ADA’s price, as it has continued to follow a bearish trend during the same period. However, the asset’s price has recently started to recover, though it remains unclear whether this recovery will continue or if it’s just another correction before a major decline.
Also Read: ADA, SUI, HYPE, XLM & 17 Other Altcoin ETFs Filed with SEC
Cardano (ADA) Current Price and Shift in Sentiment
Today, the overall cryptocurrency market is recovering, and amid this, ADA has jumped 8.35% and is currently trading at the $0.566 level.
During this period, ADA’s trading volume also surged by 25% to $1.10 billion, highlighting strong participation from investors and traders. This also indicates that market participants are showing increased interest in pushing ADA in an upward direction.
Looking at the current market sentiment and today’s ADA performance, it appears that yesterday’s crypto community post predicting a reversal from the $0.50 level is indeed coming true.
As noted in the X community post, ADA has been respecting the $0.50 level since the beginning of 2025 and has a history of strong reversals from this zone, which is exactly what’s happening now.
ADA Price Action and Technical Analysis
Despite the recent price surge, there is still a hurdle that could act as a barrier to ADA’s upward momentum. According to TimesCrypto’s technical analysis, ADA remains in a downtrend while respecting resistance from a descending trendline, which the asset is currently approaching following today’s price surge.
Earlier, whenever ADA approached the trendline, it experienced selling pressure and sharp downward momentum. However, this time, the sentiment and price action appear different, as the price has successfully tested its key support at $0.51 (a level with a history of strong reversals) and has broken out of a small consolidation near that support.
Based on the current price action, if ADA’s momentum continues and it breaks through the prolonged resistance it has been facing since October 4, 2025, the price could soar significantly. The daily chart and historical patterns suggest that if ADA breaches this level, it could rally by 52% and potentially reach $0.88 by the end of the year. On the other hand, if it fails to do so, the downward or sideways momentum could continue.
At press time, ADA’s Average Directional Index (ADX) value has reached 49 — well above the key threshold of 25 — indicating strong directional momentum in the asset and strengthening its bullish outlook.
