Yes

>>Hírek

>>Large investors are accumulating ADA while retail traders are divesting, indicating potential effects on Cardano’s price.

Large investors are accumulating ADA while retail traders are divesting, indicating potential effects on Cardano’s price.

crypthub

about 5 hours ago

Current Price and Market Sentiment

Cardano is trading around $0.34, down 6% in the last 24 hours and about 5% over the week. Year‑to‑date it’s roughly 1% lower, mirroring a weak broader market. Cautious sentiment is amplified by ongoing US‑Iran tensions that weigh on risk assets like ADA.

Technical Support and Outlook

The token is testing a key support zone near $0.32 (S1), which lies below the 21‑week and 50‑week moving averages, keeping the long‑term trend bearish. The Stochastic RSI has yet to form a bullish cross, and the daily chart shows a downward channel with resistance at the 20‑day EMA $0.37 and 50‑day SMA $0.38. RSI sits around 44; a move above 50 could signal a breakout toward $0.50 if the downtrend line is broken.

Whale Activity and Upcoming Events

Large wallets (100k‑100M ADA) added over 454 million ADA ($≈160 M) in two months, while smaller holders sold modest amounts, resulting in a net exchange outflow of $3.36 M on Jan 29. Founder Charles Hoskinson hinted at major updates in February, including governance upgrades, privacy testing, and the launch of ADA futures on CME slated for Feb 9.