ADA Price Recovery After Whale Intervention
Cardano's price is showing signs of recovery after a sharp 20% sell-off, thanks to the intervention of big investors. Whale investors "bought the dip" during the market turbulence, accumulating millions of ADA and limiting further losses.
According to data, wallets holding 10M-100M ADA rose significantly between October 10-11, and funding rates flipped positive after the crash. Traders are now cautiously turning bullish again, with the short-term RSI at around 45 and the Chaikin Money Flow (CMF) in positive territory, indicating subtle accumulation.
After the crypto market's record $19 billion liquidation event, ADA saw heavy selling pressure, pushing the price to a low near $0.62. However, as whales stepped in, the coin stabilized around $0.645, beginning a tentative recovery.
Whale investors bought the dip during broader market turbulence, helping to limit further losses and bringing in early signs of a possible recovery.
Author's summary: ADA price recovers after whale intervention.