Cardano Faces $0.21 Risk as Whales Sell 110M ADA, Says Analyst

Cardano whales sold more than 110 million ADA in five days, while daily active addresses fell 41.36% to 15,977. ADA trades near $0.239, with $0.24 as a critical support level and $0.21 as a potential downside target. ADA remains below its 50-day moving average near $0.252 but above its 200-day average around $0.237. Cardano faces renewed downside pressure as large holders sell more than 110 million ADA in five days, according to analyst Ali Charts. Daily active addresses have also dropped 41.36%, falling from 27,248 to 15,977.

Source: Crypto Front News