A recent sell-off by prominent Cardano (ADA) whales has raised questions about the cryptocurrency’s price trajectory, with analysts holding both optimistic and cautious views. While the whales dumped over 140 million ADA in just two weeks, selling approximately $120 million worth of the asset, this move may have triggered a short-term correction as more tokens enter the open market. However, some analysts remain bullish on Cardano’s future prospects. A positive sign comes from the consistently negative exchange netflow for ADA. This suggests that investors are increasingly moving towards self-custody methods, reducing immediate selling pressure and potentially paving the way for a price rally. Despite the recent drop, some analysts see potential for ADA to reach $0.92 before achieving even higher levels of $1.80, based on analysis like a bullish flag formation and similar to the surge in Dogecoin (DOGE). Ultimately, the future of Cardano’s price remains uncertain as we await further developments and market reactions.