100 million ADA sell-off triggers bearish trend – is Cardano in jeopardy?

Whale wallets have dumped over 100 million ADA in just 72 hours, intensifying bearish sentiment around Cardano. If ADA drops below $0.60, it may decline further toward $0.515, signaling significant sell-off risks.

Currently priced at $0.627, ADA has experienced a 1.10% drop in the last 24 hours, with a declining trading volume of 25%. Most traders align with the selling behavior, indicating an overall bearish outlook for ADA.

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