Cardano (ADA) faced significant selling pressure this past week as major holders offloaded a staggering amount of tokens. Approximately 100 million ADA were sold within just three days, leading to a reduction in Cardano’s price from $0.88 to $0.64.

Whale Activity Impact on Value

Recent data indicates that wallets containing between 100 million and 1 billion ADA reduced their holdings significantly, which could have contributed to the drop in value during this timeframe.

“100 million Cardano $ADA sold by whales in 72 hours!”
— Ali (@ali_charts) October 29, 2025

Interestingly, this sell-off correlates with stagnation in whale holdings since mid-October, highlighting a cautious stance among these investors amidst ongoing market uncertainty.

Future of ADA

In a recent video update, analyst Martinez suggested that Cardano may experience further dips before a substantial recovery. The $0.55 mark is identified as a critical area, where strong buying activity could potentially revive prices. Martinez also pointed to a possible surge back to $0.74 if a rebound occurs.

Additionally, reports from CryptoPotato note that Martinez anticipates a long-term price target of $1.70 for ADA, contingent on stronger market momentum.

Current Trading Indicators

As of now, ADA’s trading price hovers around $0.64, slightly down over the previous 24 hours but indicating a 1% increase over the past week. The $0.64 level serves as a short-term support benchmark amidst weak momentum, evidenced by the Relative Strength Index (RSI) sitting at 40, indicating low demand, yet not yet in the oversold region starting from 30.

With Cardano experiencing $300,000 in outflows from crypto investment funds this week according to CoinShares data, compared to the previous week’s inflows of $3.7 million, investor interest appears to have cooled off. Moreover, Cardano’s recent inclusion in the REX-Osprey Top 10 Crypto Index ETF could enhance exposure among investors attracted to regulated products.