The post ADA Price Holds Key Support Despite $140M Whale Sell-Off appeared first on Coinpedia Fintech News
The ADA price is grappling with heavy whale offloading, with over $140 million worth of Cardano sold in the last two weeks. While ADA price today hovers around $0.8775 near crucial support, the bullish demand appears fragile, leaving the market at a decisive crossroads for September’s direction.
ADA Price Tests Crucial $0.8775 Level
At the time of writing, ADA price USD is trading at $0.8775, holding slightly above a vital support level. This zone has acted as a key pivot in previous Cardano price chart structures.Â
However, current bullish momentum is noticeably weaker compared to other major altcoins, mainly due to persistent whale offloading over the past fortnight.
Whale Offloading Keeps Cardano Crypto Under Pressure
The Data shared by analyst Ali Martinez shows that whales have dumped more than 140 million ADA in the last two weeks.
Such consistent selling often weighs on sentiment, preventing the ADA price from joining the strong rallies seen in other altcoins. Still, despite this pressure, the market structure remains intact, with no major breakdowns so far.
Looking ahead, the $0.80 level is emerging as the critical line that could determine the ADA price prediction for the coming weeks.Â
As a decisive breach below this threshold would likely trigger a stronger bearish phase. However, as long as this support holds, the broader trend structure continues to lean bullish, even amid ongoing selling from whales.
ADA Price Prediction Sees Recovery Toward $1.10 if Demand Returns
Now, the daily chart suggests that if the current offloading trend proves short-lived and whales return with renewed demand, then the odds for ADA crypto to regain its bullish momentum would be high.
A rebound from the current level could drive ADA price back toward $1.10 in September, marking a recovery from the current consolidation phase. Until then, the market stays cautiously bullish while monitoring whale activity closely.
