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Cardano Struggles as Whales Dump 120M ADA, Will It Rebound Past $0.70?

  • Cardano (ADA) has experienced significant price swings, dropping from $0.70 to $0.61 and then recovering to $0.6607 with a 1.45% gain.
  • Whales sold 120 million ADA in just 48 hours, reducing their holdings from 5.84 billion to 5.71 billion ADA, putting downward pressure on the price.
  • Resistance at $0.72, including the golden pocket and Fair Value Gap, may trigger high volatility for Cardano.
  • Some analysts remain optimistic about Cardano's future trajectory, with predictions for long-term growth and potential gains beyond $0.70.

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