ADA Price Recovery After Whale Intervention
Cardano's price steadied on October 11 after a 20% sell-off, as large investors bought the dip amidst market turbulence.
Wallets holding 10M-100M ADA saw a sharp increase between October 10-11, indicating significant accumulation by whale investors.
- Funding rates turned positive after the crash, with traders cautiously turning bullish again.
- The short-term RSI was around 45, while the Chaikin Money Flow (CMF) entered positive territory, signaling subtle accumulation.
Big investors stepped in, and traders are slowly following.
After the crypto market's $19 billion liquidation event, ADA saw heavy selling pressure, but whale intervention helped limit further losses and brought early signs of a possible recovery.
Author's summary: ADA price recovers after whale buy.
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