- ADA whales acquired 130M tokens in 72 hours, but price pressure persists, dropping from $0.819 to $0.664 amid selling.
- Exchange flows indicate ongoing sell-offs since late December, keeping ADA under pressure, with support at $0.55 and resistance at $0.80.
- ADA’s MVRV-Z Score suggests undervaluation, with a possible recovery to $0.86 if bullish momentum returns above $0.74.
Cardano (ADA) has had increased whale activity in the past 72 hours. According to analyst Ali, large holders purchased over 130 million ADA within this timeframe. Despite this accumulation, ADA’s price is under pressure, showing a downward trend. Market data shows a mix of accumulation and selling.
Whale Holdings and Market Impact
ADA whales holding between 10 million and 100 million tokens, maintained their holdings within 12.31 billion to 12.63 billion ADA. However, a decline in accumulation between February 23 and 25 coincided with a price drop.
On February 27, ADA’s price fell to $0.664, a sharp decline from its mid February peak of $0.819. This suggests large sell offs influenced the downtrend. If whale accumulation stabilizes, ADA could see a rebound, but further selling may push the price below $0.64.
Exchange Flows and Price Trends
ADA’s price has been in a downtrend since early January 2025. After peaking at $1.40 in December 2024, the asset steadily declined, reaching around $0.60 by late February.
Exchange flow data shows a clear pattern of massive outflows in November and December 2024 led to a price surge. However, from late December, heavy inflows suggested increased selling pressure.
February 2025 had persistent negative netflows, suggesting ongoing sell offs. If this trend continues, ADA may struggle to stay above $0.60. However, if exchange outflows increase, a recovery towards $0.80 remains possible. Levels to monitor include support at $0.55 and resistance around $0.75-$0.80.
Technical Indicators and Market Sentiment
At press time, ADA was trading at $0.6160, an 8.69% increase in the past 24 hours. It recorded a high of $0.6466 and a low of $0.5801, indicating volatility.
Bollinger Bands show ADA trading near the lower band of $0.6197, indicating bearish momentum. A drop below $0.60 could lead to further declines, while a rebound from the lower band may suggest temporary recovery.
Trading volume is at 176.29 million ADA, showing moderate activity. The MVRV-Z Score of 22.7775 suggests ADA is nearing undervaluation, potentially attracting long term investors. If ADA reclaims $0.74, a retest of $0.86 is possible, but a further decline could push it to $0.50 or lower.
