ADA Price Recovery After Whale Intervention
Cardano's price steadied on October 11 after a sharp 20% sell-off, as whale investors bought the dip during market turbulence.
Big investors stepped in, and traders are slowly following. Wallets holding 10M-100M ADA saw a sharp rise between October 10-11.
- Funding rates flipped positive after the crash, indicating traders are cautiously turning bullish again.
- The short-term RSI was around 45, while the Chaikin Money Flow (CMF) went into positive territory, showing subtle accumulation.
Whales accumulated millions of ADA during the downturn, helping to limit further losses and bringing in early signs of a possible recovery.
The coin stabilized around $0.645, beginning a tentative recovery after heavy selling pressure pushed the price to a low near $0.62.
Author's summary: ADA price recovers after whale intervention.
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