Cardano Whales Dump 100M As ADA Faces Key Resistance Level
Cardano Whales Dump 100 Million ADA as Price Faces Key Resistance Level
Cardano (ADA), one of the top 10 cryptocurrencies by market capitalization, is currently facing significant selling pressure as on-chain data reveals that whales have offloaded over 100 million ADA in the past week. This sell-off comes as ADA approaches a crucial resistance level at $0.65, a zone that has historically proven difficult for bulls to breach.
The large-scale liquidation by whale addresses (those holding between 1 million and 10 million ADA) has sparked concern among traders and analysts, as it suggests a potential loss of confidence among major stakeholders or a strategic effort to secure profits before a possible price rejection.
Whale Movements Signal Caution
According to blockchain analytics platform Santiment, over 100 million ADA, worth approximately $60 million at current prices, has moved from whale wallets to centralized exchanges since April 7, 2025. This kind of behavior typically signals an intent to sell, especially when movement coincides with rising prices and upcoming resistance.
Whales tend to be early movers—either positioning themselves ahead of big market events or protecting gains when they suspect that a rally may be nearing exhaustion. In this case, their selling aligns with ADA’s push toward a multi-month resistance level near $0.65–$0.68, which has historically triggered corrections.
The recent whale activity has created a ripple effect in the market, increasing bearish sentiment and shorting interest on derivatives exchanges. Funding rates have turned slightly negative, indicating that traders are beginning to bet on a near-term pullback.
ADA Faces Tough Technical Territory
From a technical analysis standpoint, ADA is approaching a critical decision zone:
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Resistance: $0.65–$0.68 remains the key ceiling to break. ADA tested this level twice in February and March but was rejected both times.
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Support: Immediate support lies near $0.59, followed by a stronger base at $0.53.
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RSI Indicator: The Relative Strength Index on the daily chart is hovering near 68, nearing the overbought threshold, which could signal a short-term correction.
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MACD: The Moving Average Convergence Divergence is still in bullish territory, but the histogram shows weakening momentum.
Unless ADA breaks above $0.68 on strong volume and daily closes, the likelihood of a pullback remains high—especially if whale distribution continues.
Cardano Fundamentals Remain Strong
Despite this bearish technical setup, Cardano’s on-chain fundamentals remain solid. The network recently passed 150 million transactions, and the number of Plutus smart contracts deployed has crossed 8,000. Additionally, staking participation remains strong, with over 65% of ADA’s circulating supply locked in validator nodes.
Cardano founder Charles Hoskinson recently teased several upcoming upgrades to enhance scalability and sidechain compatibility, including further development of Hydra (Cardano’s Layer-2 solution). The community is also preparing for major partnerships in the education and digital identity sectors in Africa, which could provide new utility drivers.
In short, the project’s long-term fundamentals have not deteriorated. However, short-term market movements are often dictated by sentiment and technicals—where current signals suggest a cautious stance.
What Should Investors Do?
For short-term traders, now may be the time to tighten stop-losses or consider taking partial profits as ADA tests resistance. The whale exodus is a bearish signal that could indicate the top of the current rally unless bulls step in with volume to absorb the sell pressure.
For long-term holders (HODLers), the underlying development of the Cardano ecosystem and its strong community engagement continue to support a bullish macro outlook. Accumulating during dips—especially if ADA revisits support near $0.53–$0.55—may offer better entry opportunities.
Conclusion
The recent whale sell-off of over 100 million ADA comes at a critical technical juncture for Cardano, amplifying uncertainty as the token battles a stubborn resistance level. While fundamentals remain intact, the short-term outlook appears cautious unless bulls manage a clean breakout.
As always in crypto, price is driven not just by utility or belief—but by timing, liquidity, and sentiment. With whales heading for the door (at least temporarily), ADA traders would be wise to watch the charts and chain data closely.
