Cardano whales liquidate 4 million ADA – yet signs indicate a target price of $1

Cardano whales have sold over 4 million ADA recently, but their selling is slowing down. Retail traders are increasingly accumulating ADA, indicating cautious optimism as market sentiment shifts.

Rising Open Interest and positive derivatives metrics show strengthening momentum for Cardano’s price. If ADA can break through the resistance at $0.69, it may pave the way for a bullish reversal toward $1.