Cardano's Price: Will it Recover After Whale Investors "Buy the Dip"?
After a sharp 20% sell-off, Cardano [ADA] steadied on October 11 as whale investors bought the dip amidst broader market turbulence.
According to recent data, wallets holding 10M-100M ADA rose sharply between October 10-11, and funding rates flipped positive after the crash, indicating traders are cautiously turning bullish again.
- Large holders accumulated millions of ADA during the downturn, limiting further losses and bringing 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: Cardano's price may recover after whale investors buy the dip.