Cardano slips 6.63% after whale accumulation fails to spark recovery

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Cardano slides 6.63% today to $0.574

Highlights

Cardano (ADA) trades at $0.574, down 6.63%, remaining firmly below its MA-20 ($0.643), MA-50 ($0.750), and MA-200 ($0.742).
On November 3, 2025, whale investors accumulated approximately 50 million ADA tokens during a broader crypto selloff, underscoring long-term holder confidence amid market volatility.
Momentum indicators, including MACD, ADX, and oversold Stoch RSI and CCI, confirm persistent bearish pressure with sellers dominating and support at $0.563.

Whale accumulation signals enduring optimism amid wider profit-taking

On November 3, 2025, whale investors quietly accumulated approximately 50 million ADA tokens as Cardano price consolidated, indicating sustained long-term confidence among large holders. This event occurred alongside a broader crypto selloff linked to profit-taking and market volatility, in part driven by activity among Bitcoin long-term holders. Network fundamentals for ADA remain strong, with ongoing technical compression suggesting potential for a future recovery.

Bearish momentum prevails with oversold signals and firm resistance

ADA is trading well below its MA-20 ($0.643), MA-50 ($0.750), and MA-200 ($0.742), underlining solid downside pressure across time frames. Support is indicated by the Ichimoku Kijun at $0.563, while immediate resistance comes from the MA-20 at $0.643. Momentum indicators like MACD and ADX signal persistent bearish trends and strong momentum; Stoch RSI and CCI are both oversold, and RSI below 40 shows continued weakness. Negative BBP and bearish alignment on the Awesome Oscillator confirm sellers remain in control and there is no sign of divergence.

Consolidation expected with heightened downside risk if support breaks

ADA is likely to remain in a consolidation phase just below $0.60 in the short term, with the projected weekly range between $0.075 and $0.568. The probability of a rebound above resistance at $0.643 is low, but a move through this level could open up a retest of $0.70. Conversely, a decisive breakdown below support at $0.563 risks a move toward the weekly low and increased downside acceleration.

Viktoras Karapetjanc, expert at Traders Union, sees the recent whale accumulation and resilient network fundamentals as supportive factors for Cardano despite short-term technical weakness. He believes current bearish price action is part of a consolidation phase within a broader market correction, but long-term sentiment among institutional and large holders remains constructive. Karapetjanc notes that while sellers are in control for now, continued strong fundamentals and deep-pocketed investor interest suggest the groundwork for future recovery is forming. In his words: "Despite prevailing downside pressure, the quiet accumulation by major holders and robust fundamentals give me confidence that ADA has potential to rebound once market volatility subsides and sentiment turns positive."

Last time we reported that ADA was trading below key moving averages and persistent downward pressure was present across all timeframes. Previously, it was noted that negative momentum sustains as ADA holds below all technical supports with ongoing bearish sentiment.

Source of Data: ADA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.