Cardano whales dump 50 million tokens amid bearish sentiment

Key takeaways Cardano (ADA) trades below $0.175 on Monday after declining more than 9% last week. Large Cardano whales holding between 10 million and 100 million ADA have offloaded approximately 50 million tokens since November 4, signaling weakening confidence. ADA risks extending its decline toward $0.156 as bearish technical indicators persist, while immediate resistance stands at $0.183. Cardano (ADA) remains under pressure on Monday, trading around $0.1748 after recording five consecutive weeks of losses. The cryptocurrency declined more than 9% last week, extending a downturn that began in early October as selling pressure continues to outweigh buying interest. Cardano whales dump 50 million ADA tokens Cardano’s largest investors have continued reducing their holdings, raising concerns about the cryptocurrency’s near-term price outlook.

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