Will ADA's Price Recover After Cardano Whales "Buy the Dip"?
After a sharp 20% sell-off, Cardano (ADA) steadied on October 11 as whale investors bought the dip amidst broader market turbulence.
Large holders accumulated millions of ADA during the downturn, limiting further losses and bringing early signs of a possible recovery.
- Wallets holding 10M-100M ADA rose sharply between October 10-11.
- Funding rates flipped positive after the crash, with traders cautiously turning bullish again.
The short-term RSI was around 45, while the Chaikin Money Flow (CMF) went into positive territory, indicating subtle accumulation.
As whales stepped in, the coin stabilized around $0.645, beginning a tentative recovery.
Author's summary: ADA's price may recover after whales buy the dip.