The post Cardano Price Today Holds $0.54 As Whales Sell 4M ADA appeared on BitcoinEthereumNews.com. ADA recovered about 1% to trade near $0.54 after losing more than 33% over the past month. On-chain data shows Cardano whales holding 100,000 to 1,000,000 ADA sold over 4,000,000 ADA in a week, signaling sell-side pressure. Price is still stuck in a descending channel above $0.53 support, while Midnight’s 1 million+ addresses give the ecosystem a growth anchor. Cardano (ADA) saw a mild rebound of around 1% on Thursday, trading near $0.54 after a brutal month-long decline that wiped over 33% from its value. The recovery, however, comes amid signs of growing unease in the market as whale wallets continue to offload large holdings. Whales Trim Holdings As ADA Price Stays Weak According to data shared by analyst Ali Martinez, Cardano whales, wallets holding between 100,000 and 1 million ADA, have sold more than 4 million tokens over the past week. This steady reduction in whale balances indicates weakening confidence. The decline in whale holdings closely follows ADA’s price drop from late September through early November, showing how high-net-worth players may be leading the current downward pressure. Related: Hoskinson Labels Cardano’s TVL Slump “Non-Technical” As ADA Sheds 47% ADA Price Analysis: Descending Channel Still In Control ADA’s price, which recently hit multi-week lows around $0.52, is caught within a descending parallel channel, a bearish structure that highlights continued selling dominance. The coin currently trades just above the 38.2% Fibonacci retracement level at $0.53. The lower Bollinger Band near $0.51 acts as immediate support, while the upper band around $0.71 represents key resistance. The RSI at 33.7 shows oversold conditions yet no clear reversal has formed. A bounce from current levels could push ADA toward $0.59 and later $0.71. However, a breakdown below $0.51 could see ADA retest $0.43 and possibly $0.36, deeper Fibonacci levels. On the other hand, a… The post Cardano Price Today Holds $0.54 As Whales Sell 4M ADA appeared on BitcoinEthereumNews.com. ADA recovered about 1% to trade near $0.54 after losing more than 33% over the past month. On-chain data shows Cardano whales holding 100,000 to 1,000,000 ADA sold over 4,000,000 ADA in a week, signaling sell-side pressure. Price is still stuck in a descending channel above $0.53 support, while Midnight’s 1 million+ addresses give the ecosystem a growth anchor. Cardano (ADA) saw a mild rebound of around 1% on Thursday, trading near $0.54 after a brutal month-long decline that wiped over 33% from its value. The recovery, however, comes amid signs of growing unease in the market as whale wallets continue to offload large holdings. Whales Trim Holdings As ADA Price Stays Weak According to data shared by analyst Ali Martinez, Cardano whales, wallets holding between 100,000 and 1 million ADA, have sold more than 4 million tokens over the past week. This steady reduction in whale balances indicates weakening confidence. The decline in whale holdings closely follows ADA’s price drop from late September through early November, showing how high-net-worth players may be leading the current downward pressure. Related: Hoskinson Labels Cardano’s TVL Slump “Non-Technical” As ADA Sheds 47% ADA Price Analysis: Descending Channel Still In Control ADA’s price, which recently hit multi-week lows around $0.52, is caught within a descending parallel channel, a bearish structure that highlights continued selling dominance. The coin currently trades just above the 38.2% Fibonacci retracement level at $0.53. The lower Bollinger Band near $0.51 acts as immediate support, while the upper band around $0.71 represents key resistance. The RSI at 33.7 shows oversold conditions yet no clear reversal has formed. A bounce from current levels could push ADA toward $0.59 and later $0.71. However, a breakdown below $0.51 could see ADA retest $0.43 and possibly $0.36, deeper Fibonacci levels. On the other hand, a…