The Cardano (Ada) price has lost more than 25 %in the last seven days, decreasing its market value to 26 billion dollars. In the same period, the transaction volume decreased by 35 %and decreased to $ 766 million, which shows that the activity in the market has weakened.
Large investors (whale addresses) have been stable for the last three weeks and watching the market without major movements.
CARDANO FALL TREE PROTECTION
Cardano’s average direction index (ADX) rose from 11.2 to 41.6 in just five days. ADX measures its strength, not the direction of the trend, and points to a strong trend with values over 25.
In the last two days, the ADX remained constant at 41-42 levels and showed a slight decrease. This shows that the fall trend is slowing down, but it is still strong. If the ADX continues to fall and the island price remains stable, it may be possible to decrease sales pressure and the price will be consolidated.
However, since there is no clear recovery signal, downward risks continue.
Whale movements are in balance
The large investor addresses, which hold 1 to 10 million islands, rose from 2,453 to 2,483 between 9-14 January. However, after this increase, the number fell slightly and remained constant for the last three weeks.
The changes in whale addresses give significant clues about the direction of the market. While the increase in large investors can create price support, decreases can increase sales pressure.
As of now, a stable course is watched with an address of 2,469. This shows that investors follow the market on the island without large purchases or sales, and perhaps turn to other crypto beings.
If this balanced course continues, the island price may enter the consolidation process and large investors may continue to wait to clarify the direction of the market.
Island price estimation: 55 %rise or decrease?
The island price is currently traded between $ 0.65 support level and $ 0.82 resistance level. Short -term exponential moving averages (EMA) show that the decline trend continues because it is under the long -term ones.
If the island can exceed $ 0.82, it may be possible to increase the price to 1.03 or even $ 1.16, and a 55 %increase may be experienced.
However, if the support of $ 0.65 is broken, the price may decrease to the level of 0.51 or even $ 0.32. In this scenario, a decrease of 55 %may be the lowest level since December 10, 2024. For this reason, investors should carefully follow the trend return signals in the market.
