Will Cardano Surge 12%? Retail Buying vs. Whale Selling Dominates Current Market

Cardano price remains near $0.49, defying a recent pullback driven by retail buying activity and the ongoing dynamics of whale selling pressure. While whales sold almost $216 million worth of ADA in the past month, retail buyers are stepping up, evidenced by higher lows on the Money Flow Index (MFI). 7 A break above $0.54 could support a rebound of up to 12%, while a fall under $0.47 could push the price closer to $0.40. However, the market is battling against a combination of bearish sentiment and a lack of liquidity. This creates an interesting dynamic between retail buying and whale selling.