{"id":139758,"date":"2026-03-04T18:42:45","date_gmt":"2026-03-04T18:42:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=139758"},"modified":"2026-03-04T18:42:45","modified_gmt":"2026-03-04T18:42:45","slug":"230000000-ada-in-1-week-is-cardano-facing-a-renewed-drop","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=139758","title":{"rendered":"230,000,000 ADA in 1 Week: Is Cardano Facing a Renewed Drop?"},"content":{"rendered":"

The cryptocurrency market witnessed a notable resurgence over the past 24 hours, with Cardano\u2019s ADA following the green wave.<\/p>\n

Nonetheless, the whales\u2019 recent actions signal that a new correction might be knocking on the door.<\/p>\n

The Bears Remain in Charge<\/h2>\n

ADA climbed above $0.27 today (March 4), gaining about 3% on a daily scale, though it remains down roughy 2% over the past week. Its decline during that period coincides with a sell-off by large investors.<\/p>\n

The renowned analyst Ali Martinez revealed<\/a> that whales have \u2018redistributed\u2019 230 million tokens: a stash currently valued at around $63 million. This cohort of investors now controls less than 13.7 billion ADA, or roughly 37% of the asset\u2019s circulating supply.<\/p>\n

Since his graph shows a sizeable reduction in their holdings, it could be regarded as a significant sell-off that might weigh on the price for several reasons. They boost the amount of ADA available on the open market, and without a matching rise in demand, that extra supply can suppress the valuation. Whale distribution also signals weakening conviction among large holders, a shift that smaller investors may find worrying and cause them to cash out as well.<\/p>\n

It is important to note that the behaviour of the big investors over the past week contrasts with their buying spree in recent months. As CryptoPotato<\/em> reported<\/a>, they purchased almost 820 million ADA between August 2025 and February this year.<\/p>\n

Despite its daily resurgence, Cardano\u2019s native token is still struggling to break out of its broader bearish pattern. Earlier this week, Martinez outlined<\/a> $0.245, $0.112, and $0.051 as the next three lines of defense for the asset should it head south again.<\/p>\n

Meanwhile, the popular trader Jake Gagain described<\/a> ADA as one of his worst investments since entering the crypto market. His remarks sparked a heated debate, with some X users sharing his thesis, while others argued that his timing was bad and insisted that \u201cthe best is yet to come.\u201d<\/p>\n

The Bullish Signs<\/h2>\n

On the other hand, some technical indicators suggest Cardano\u2019s native cryptocurrency could make a decisive comeback soon. For instance, ADA\u2019s exchange netflows have been predominantly negative over the last few months. This means that investors continue to move coins from centralized platforms to self-custody, thereby reducing immediate selling pressure.<\/p>\n

<\/a>ADA Exchange Netflow, Source: CoinGlass<\/p>\n

Next on the list is ADA\u2019s Relative Strength Index (RSI), which has fallen below 30 on a weekly scale. The technical analysis tool ranges from 0 to 100, and readings above 70 signal that the asset is overbought and due for correction. Conversely, anything beneath 30 is considered a buying opportunity.<\/p>\n

<\/a>ADA RSI, Source: CryptoWaves<\/p>\n

X user Sssebi noted the development, saying<\/a> that \u201chistorically ADA has never been this oversold, which makes it one of the most undervalued projects.\u201d<\/p>\n

The post 230,000,000 ADA in 1 Week: Is Cardano Facing a Renewed Drop?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market witnessed a notable resurgence over the past 24 hours, with Cardano\u2019s ADA following the green wave. Nonetheless, the whales\u2019 recent actions signal that a new correction might be knocking on the door. The Bears Remain in Charge ADA climbed above $0.27 today (March 4), gaining about 3% on a daily scale, though […]<\/p>\n","protected":false},"author":0,"featured_media":139759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-139758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139758"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=139758"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/139758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/139759"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=139758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=139758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=139758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}