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Cardano (ADA) now faces significant bearish signals with a whale and DeFi activity drop, while testing price support. Investors see a neutral-to-bearish outlook in ADA’s short-term price forecast, bringing uncertainty for the week.
Among some relevant indicators, the ecosystem expert, Ali Martinez, pointed out that Cardano is experiencing a “lull in whale activity.”
The well-known on-chain analyst and ADA trader believes this signals further consolidation or lower prices for Cardano’s native token. Martinez posted his insight on X (formerly Twitter) on April 5.
In particular, the trader used the daily Whale Transaction Count indicator, filtered for amounts above $1 million in ADA. Notably, this transaction count has dropped to 202 per day, below February results when prices were lower than currently.
Cardano whale activity. Source: @ali_charts 
Cardano (ADA) bearish price analysis
From a technical perspective, ADA is currently consolidating at an important price s

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