Cardano (ADA) Price Prediction: Whale Buying Frenzy Outpaces Retail Investors, ADA Expected to Break Out of Descending Channel
According to Gate, as of Tuesday when the report was released, Cardano (ADA) fell by 1%, continuing the 0.88% decline from Monday, while maintaining a sideways trend within a 7-day price range. Although the pullback has shaken retail investors, large investors (commonly known as "Whales") have significantly increased their risk exposure, purchasing 490 million ADA tokens. The divergence between these Whales and retail investors, along with the weakening optimism indicated by technical and derivative data, places ADA at a critical crossroads. Can ADA break through the current downward channel driven by the Whales?