Cardano (ADA) whales have increased their holdings by 26,770 ADA since November 1, while retail investors have sold off 44,751 ADA during the same period, according to on-chain data from Santiment. This pattern of accumulation by large holders and selling by smaller investors has historically signaled potential recoveries for ADA, particularly near bear market lows.
Currently, ADA is trading around $0.40, with a Relative Strength Index (RSI) of 40, indicating reduced selling pressure but lacking strong buying momentum. The significance of this trend may grow if Bitcoin stabilizes and overall market sentiment improves.
Cardano Whales Accumulate ADA Amid Retail Sell-Off
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