Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1.32 in early December. This significant decline reflects the broader market uncertainty, with increased selling pressure and cautious investor sentiment weighing heavily on ADA’s price. Despite this, on-chain data suggests a shift in dynamics, hinting at a potential recovery for the embattled cryptocurrency. Related Reading: Bitcoin Whale Moves 8,000 BTC Aged 5-7 Years – What Happened Last Time Top analyst Ali Martinez has highlighted key metrics indicating whale accumulation in recent weeks, adding a layer of optimism to ADA’s outlook. According to Martinez, Cardano’s most significant support zone lies between $0.77 and $0.68, a range that has been consistently respected by the market. This support has proven crucial in stabilizing ADA’s price, providing a base from which a recovery could materialize. The sustained interest from large holders signals confidence in ADA’s long-term potential, even amid short-term volatility. As Cardano continues to defend critical support levels, market participants are watching closely for signs of a breakout. With whale activity increasing a ..
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