Cardano price dips, but rising whale activity and active addresses signal potential recovery. Explore key support and technical trends.
price has seen a price dip of 1.47% in the last 24 hours, with a larger decline of 11.04% over the past week.
However, ADA is trading below a descending trendline, which may suggest further downward pressure if this support level fails.Large transactions have surged by 8.56% in the last 24 hours, indicating that large investors are positioning themselves for potential price movement. Liquidation heatmap data from Coinglass provided a bearish market bias and may act as a bearish magnet to pool the price to the $0.3169 level before a possible bullish movement.From a technical angle, the Cardano Stochastic Relative Stochastic Index indicated an oversold zone at press time, with a potential bullish crossover on the horizon.
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