Cardano's Price Recovery Threatened by Whale Selling

Cardano has managed a modest price increase, but its underlying structure remains weak. The altcoin's technical analysis suggests that it is still in a downtrend, with multiple indicators pointing to further decline.

The selling behavior of Cardano whales has been consistent for nearly three weeks, contributing to the bearish sentiment around ADA. This has led to a significant erosion of confidence among the altcoin's most influential holders.

Investors are currently holding unrealized losses rather than profits, which creates a psychologically challenging environment for sustained buying activity. The majority of holders continue to sell at a loss, amplifying existing selling pressure and making a durable recovery increasingly difficult to achieve.