Whales offloaded 50 million ADA, pushing prices toward 0.80 USD. Retail trading sentiment has declined significantly from a positive 12:1 ratio to a negative 1.5:1. Analysts emphasize the critical $0.82 support level as a determinant for ADA’s price movements.
The current bearish trend among retail investors offers whales a chance to reaccumulate ADA at lower prices. Analysts are monitoring the crucial Fibonacci retracement level around 0.82 USD, which may indicate the next recovery phase for ADA in the coming months.
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