Cardano (ADA) price surged to new highs, but whales have started shedding their holdings, causing a 90% plunge in ADA's large-holder netflow.
Technical analysis indicates that ADA's uptrend may be losing steam, with potential support levels around $0.94 and resistance at $1.15.
The market outlook for Cardano in 2025 depends on sustained buying pressure from retail and smaller institutional investors, as whales exit their positions.
Investors should be cautious and monitor key resistance and support levels as the market reacts to these dynamics.