Will ADA's Price Recover After Whales Buy the Dip?
Cardano whales have stepped in to buy the dip, causing a stabilization in the price of ADA after a sharp 20% sell-off.
Between October 10-11, wallets holding 10M-100M ADA saw a significant increase, and funding rates flipped positive after the crash, indicating that traders are cautiously turning bullish again.
- Large holders accumulated millions of ADA during the downturn, limiting further losses and bringing in early signs of a possible recovery.
- The short-term RSI was around 45, while the Chaikin Money Flow (CMF) went into positive territory, indicating subtle accumulation.
As whales stepped in, the coin stabilized around $0.645, beginning a tentative recovery.
Author's summary: ADA price stabilizes after whales buy the dip.