Will ADA Bounce Back? Analyzing Cardano’s Price Amidst Whale Selling Pressure

Cardano price is currently in a precarious position, navigating a period of selling pressure amidst a significant whale sell-off. While hovering around the $0.60 support level, analysts are debating whether this dip will be short-lived or signal a downward trend towards a deeper correction. 200 million ADA sold by whales in March added to the existing bearish sentiment. Experts suggest that if this selling pressure persists, we could see Cardano plummet to the $0.31 mark. However, others believe a rebound is possible, particularly if buying activity increases in response to recent price dips.