According to experienced technical analyst Yashu Gala, the bear pennant formation shows that the losses for the island will accelerate if it goes below 0.710 dollars. Meanwhile, crypto whale addresses sold 2 million islands in a week. While Cardano’s defi ecosystem remained weak, he was far behind competitors such as TVL, Ethereum and Solana.
Bear pennant formation points to a 35 %collapse for crypto!
Cardano (island) signaled that the decline tendency will continue potentially by confirming that the bear pennant was broken in a 4 -hour graph. The price rejected the $ 0.742 resistance and failed to get back the 50 -term and 200 -term EMAs and strengthened the decline tendency.
The bear pennant, a classic continuation formation, was formed after the sharp decline of the island from $ 1,15 to $ 0.713. The following consolidation was a symmetrical triangle, but the formation has now broken down.
This breaking reduced the island to $ 0.714, and technical forecasts show that it would be a measured movement towards $ 0.464 until April and will be compatible with the size of the previous decline trend. While the RSI maintains a decline tendency with 44.06, it indicates more weakness, while the decreasing momentum confirms the validity of the formation.
On-Chain Data: Cardano Whales sell the island!
Following the island supply held at addresses with at least 1,000,000 islands, the On-Chain data supports the technical decline tendency. Watch out for this:
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Between March 2 and March 9, the supply in the hands of the whales fell from 23,108 billion islands to 23,106 billion islands, pointing to a net output of approximately 2 million islands in just one week.
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This decrease shows that whales are probably waiting for more price decrease or re -allocating capital to another place.

Historically, whale accumulation comes before the rally, while whale distribution often points to approaching sales. This trend may indicate more decrease for the island unless the procurement pressure does not return.
Basic weakness and market sensitivity for crypto currency
Basically, Cardano faces difficulties in harmony with this fall. Although he is known for his research -oriented approach and solid Stinging ecosystem, the network is forced to maintain his acceleration in the wider crypto market. Central Application (DAPP) Event: As of March 17, 2025, Cardano was located outside the top 10 Blockchain in the defi ecosystem with a total value locked with approximately 360 million dollars (TVL). This is significantly lower than Ethereum’s 48.97 billion dollars and Solana’s 7.06 billion dollars of TVL.

Wider macroeconomic factors also reduced sensitivity. The Federal Reserve’s interruption of interest rate cuts and the ongoing “trade war” escape from the risk of escape from the risk of subcoins disproportionately affected the island to attract fresh capital.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.