ADA Breaks Down but Finds Hope in Key Demand Zone – BlockNews
Cardano dropped over 10% this week after losing key trendline support, flipping market sentiment bearish. Whale accumulation is rising near a known demand zone, hinting at potential reversal or short-term recovery. ADA’s next move hinges on buyer strength and a reclaim of lost support—otherwise, further downside remains a risk. Cardano hasn’t had the best week—it’s
- Cardano dropped over 10% this week after losing key trendline support, flipping market sentiment bearish.
- Whale accumulation is rising near a known demand zone, hinting at potential reversal or short-term recovery.
- ADA’s next move hinges on buyer strength and a reclaim of lost support—otherwise, further downside remains a risk.
Cardano hasn’t had the best week—it’s taken a hit, losing over 10% of its value and landing among the worst-performing major coins. The drop came right after ADA slipped beneath a trendline it had been clinging to since early April. That break flipped the script from bullish optimism to bearish caution, with sellers jumping in fast.
But here’s where things get interesting. ADA’s fall brought it into an important demand zone. It’s an area where buyers had shown up strong before, and, well, it looks like they might be back again. If you’ve been watching the charts, you know this spot has history—it’s not random.
Whales Quietly Loading Up
Digging into the on-chain data, there’s been a bump in whale action. According to CryptoQuant numbers, large holders started stacking up ADA as soon as it got close to that demand level. That kind of behavior usually means someone’s expecting a bounce.
ADA even managed a 3% lift in the last 24 hours—small, yeah, but it could be a spark. If this keeps up, it may mark the beginning of a shift in short-term momentum. Whales usually don’t play around; their moves often hint at bigger plays ahead, especially if broader market sentiment stays somewhat positive.
Rebound or More Pain?
Still, the support zone isn’t rock solid yet. If the bulls can’t keep momentum going, the bears might take another swing and push prices down again. What traders are really waiting on is a higher low and some reclaim of that broken trendline—that’s when confidence could start to return.
So, ADA sits at a crossroads. It’s fragile but not broken. If demand strengthens, this week’s loser might flip the story. But if it slips again, things could get messier before they get better.
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