Cardano is seeing a tug-of-war between holders profiting and those facing losses, possibly causing price stagnation.
High-value transactions ($100k+) in ADA have slowed down since March.
Despite fluctuations, ADA’s support levels at $0.72 and $0.70 could prevent a significant drop.
The Cardano (ADA) market is currently seeing a balance between holders who have made gains and those who have incurred losses. This situation may lead to a phase of price stability for the cryptocurrency in the near term.
Since the beginning of March, there has been a notable decrease in the number of transactions exceeding $100,000, signaling a slowdown in high-value activity within the ADA ecosystem.
Despite this slowdown, the presence of strong support levels could act as a safety net for ADA’s valuation, potentially setting the stage for the cryptocurrency to begin a new phase of upward momentum.
Whale Transactions Detach from Cardano Price
Over the past three months, a clear correlation
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