ADA Price Recovery
After a sharp 20% sell-off, Cardano (ADA) steadied on October 11th as whale investors bought the dip during market turbulence.
Big investors stepped in, and traders are slowly following. Wallets holding 10M-100M ADA rose sharply between October 10-11.
- Funding rates flipped positive after the crash.
- Traders are cautiously turning bullish again.
In the hours following the crypto market’s record $19 billion liquidation event, ADA saw heavy selling pressure that pushed the price to a low near $0.62.
However, as whales stepped in, the coin stabilized around $0.645, beginning a tentative recovery, with the short-term RSI around 45 and the Chaikin Money Flow (CMF) in 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 whale investors buy the dip.