Cardano Whales Dump 40M ADA – October Analysis and What’s Next in ADA
The post Cardano Whales Dump 40M ADA – October Analysis and What’s Next in ADA appeared on BitcoinEthereumNews.com.
The Cardano market experienced a huge shift as whales released 40 million worth of ADA coins in the last seven days. According to crypto Guru Ali who runs a well-followed channel on X, the sell-off puts downward pressure on ADA, which is struggling to hold support near $0.80. The timing is key, as the crypto community discusses whether Cardano can accomplish the projected $1 breakout in October amid continuing bearish pressure. Market Context – Two Narratives The whale distribution looks to contradict recent positive signs from earlier in the market cycle. According to recent on-chain statistics, whales had already purchased almost $59M worth of ADA showing confidence, despite the negative market sentiment. This abrupt turnaround implies that significant holders may be taking gains or shifting portfolios ahead of expected turmoil. The sell-off aligns with ADA trading around $0.80, a psychologically crucial resistance level that has frequently served as a battleground for bulls and bears. Holding these price levels could pave the road for recovery, while breaking below may prompt additional selling pressure from leveraged holdings. The previous positive accumulation patterns showed that there was institutional trust in the long-term prospects of Cardano. The current period of distribution creates uncertainty about the fact that these players either have shifted their mindset, or they are simply trying to make money. Price Projections and Technical Implications The price forecast indicates that it will trade between $0.82 and $0.90 this week, and a close above $0.95-£1.00 will indicate that the market is continuing to decline in a bullish way and close to $1.05-$1.10, indicating a bullish decline to $1.05-$1.10. However, recent whale sales raise concerns about bulls’ ability to generate the necessary momentum. The 40 million ADA sell-off reflects a significant amount of capital evading the market, resulting in approximately $32 million in selling…
Filed under: News - @ October 11, 2025 10:25 pm