ADA Price Movement After Whale Investment
Big investors stepped in, and traders are slowly following. Wallets holding 10M-100M ADA rose sharply between October 10-11.
Funding rates flipped positive after the crash, so traders are cautiously turning bullish again. Cardano [ADA] steadied on the 11th of October after a sharp 20% sell-off, as whale investors bought the dip during broader market turbulence.
Large holders accumulated millions of ADA during the downturn, helping to limit further losses and bringing in early signs of a possible recovery.
In the hours following the crypto market’s record $19 billion liquidation event, ADA saw heavy selling pressure that pushed the price to a low near $0.62. The short-term RSI was around 45, while the Chaikin Money Flow (CMF) went into positive territory; subtle accumulation.
As whales stepped in, the coin stabilized around $0.645, beginning a tentative recovery.
Author's summary: ADA's price recovers after whales buy the dip.
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