Cardano (ADA) Struggles as Whale Selling Pressures Price Below $1

Cardano (ADA) is once again battling resistance near the crucial $1 mark, a level that continues to elude the altcoin. Despite early optimism, investor sentiment has turned bearish, largely driven by significant whale activity.

Recent data shows that wallets holding between 1 million and 10 million ADA sold off more than 560 million tokens within four days—valued at nearly $500 million. This large-scale liquidation highlights a lack of confidence among big investors, who appear unwilling to wait for Cardano’s slow climb and are instead securing profits to avoid potential downside risks.

The impact of this whale exodus is evident across Cardano’s ecosystem. On-chain metrics reveal weak participation, with active addresses showing a decline. When network activity remains muted, capital inflows stagnate, making it difficult for ADA to build sustainable momentum. Without a rebound in user engagement, ADA’s broader growth prospects could remain limited.

At press time, ADA trades at $0.888, just above the $0.880 support level. However, ongoing bearish pressure leaves this threshold vulnerable. A decisive break below could drag prices to the next support near $0.837, deepening losses and sparking further selling from smaller holders.

On the flip side, a bounce from $0.880 may allow ADA to recover toward $0.931. Converting this resistance into support would improve sentiment, creating a path toward $0.962. Surpassing that level could invalidate bearish forecasts and renew ADA’s push toward the much-watched $1 milestone.

For now, the combination of whale sell-offs, low network activity, and fragile price support paints a cautious outlook for Cardano. Unless participation strengthens and resistance levels are flipped, ADA’s journey to $1 remains under heavy pressure.