Cardano's Price Recovery
After a sharp 20% sell-off, Cardano [ADA] steadied on October 11 as whale investors "bought the dip" amidst broader market turbulence.
Big investors stepped in, and traders are slowly following. Wallets holding 10M-100M ADA rose sharply between October 10-11, indicating subtle accumulation.
Funding rates flipped positive after the crash, causing traders to cautiously turn bullish again. The short-term RSI was around 45, while the Chaikin Money Flow (CMF) went into positive territory.
As whales stepped in, the coin stabilized around $0.645, beginning a tentative recovery after heavy selling pressure pushed the price to a low near $0.62.
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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