Cardano (ADA) Price Recovery
After a sharp 20% sell-off, Cardano's price steadied on October 11th as whale investors "bought the dip" amidst market turbulence.
Big investors stepped in, and traders are slowly following, with wallets holding 10M-100M ADA rising sharply between October 10-11.
Funding rates flipped positive after the crash, indicating that traders are cautiously turning bullish again.
- Short-term RSI was around 45
- Chaikin Money Flow (CMF) went into positive territory, indicating subtle accumulation
Large holders accumulated millions of ADA during the downturn, helping to limit further losses and bringing in early signs of a possible recovery.
Author's summary: ADA's price may recover after whales buy the dip.
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