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Cardano Price At Risk As ADA Whales Offload 330 Million Coins

CoinGape LogoCoinGape10h ago

Cardano Price At Risk As ADA Whales Offload 330 Million Coins - CoinGape

Quick Summary:

Crypto analyst Ali Martinez revealed that ADA whales have offloaded a significant amount of coins amid this recent market downtrend, which could lead to massive sell pressure for the crypto.

The Cardano price currently boasts a bearish outlook following a recent development in the ADA ecosystem.

The analyst also noted that the Relative Strength Index (RSI) on the daily chart briefly hit oversold and has reset nicely.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 14:15:10 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25890925

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 21 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "Cardano Price At Risk As ADA Whales Offload 330 Million Coins" has 367 words across 30 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Cardano Price At Risk As ADA Whales Offload 330 Million Coins" was covered 10 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 21 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #25890925
  • URL: https://chronographically.beamstart.com/news/cardano-price-at-risk-as-17386798222999

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