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Cardano sinks while the whale moves slowly and the Cross of death dives

Cardano (ADA) is under pressure, 4% in the last 24 hours and almost 10% in the past week, whereby the daily trading volume is 15% due to $ 869 million. The decline in price and activity occurs because several important metrics indicate a weakening of the dynamics and the growing uncertainty.

Ada is facing a bearish BBTREND shift to fleeting whale activity and the risk of a threatening death cross on his EMA lines. Regardless of whether it can be supported and back to strength or further slipping, it probably depends on the short -term market mood and the broader crypto conditions.

ADA signals weakness, whereby BBTREND falls below zero

Cardano's BBTREND has become negative and was currently at -2.43 after he had spent almost five days in a positive area.

Between the 11th and 16th May the indicator stayed over zero and even reached a high of 17.34 on May 12th.

This shift suggests that the latest upward dynamics have faded and the asset may enter a new phase of weakness or consolidation.

Ada Bbtrend. Source: Tradingview.

The BBTREND (Bollinger Band Trend) measures how much the price is from its average ratio to volatility and offers insights into the strength and direction of the trends.

Values ​​above zero typically indicate a bullish impulse, while the values ​​take below zero on the bear pressure. Since ADA now shows a BBTREND of -2.43, it signals a possible shift towards the downward distortion.

If this negative trend remains, it could lead to further price weakness or a time of stagnation until new purchase interest is attributed.

Cardano whale activity cools down after a short -lived increase

The number of Cardano whale addresses – Wallets, which hold between 1 million and 10 million ADA – has experienced a noticeable volatility in the past few days. On May 13, this number fell to 2,406 and marked one of the lowest points in the last month.

A sharp rebound followed on May 14th, whereby Walbriefen jumped to 2,430 p.m., which indicates a short renewed interest among large owners.

However, this increase did not last because the number decreased again in the next two days and now settled at 2,425. The fluctuations underline a lack of conviction among the most important actors, whereby neither persistent accumulation nor a consistent distribution is observed.

Deals with between 1 million and 10 million ADA.
Deals with between 1 million and 10 million ADA. Source: Santiment.

The monitoring of whale activity is important because these large investors can drive the most important price movements due to the size of their stocks.

An increasing number of whale generally points to accumulation, signals long -term trust and potentially supportive price movements. In contrast, a decline or stagnation of the whale numbers frequently hesitates or for the sale of pressure that can weigh the price impulse.

With the current number below the top levels and specifying instability, Cardano may have difficulty strengthening a strong Bullic impulse, unless the accumulation is resumed again.

Cardano at the risk of death

The EMA structure of Cardano shows early signs of weakness, whereby short-term average average values ​​are divided into long-term facilities-a setup that could soon trigger a cross.

This bearish crossover often signals the beginning of a deeper downward trend. If this is confirmed, Cardano Price can test the support level at $ 0.729.

A break underneath could open the door to further losses of $ 0.68, and in a more aggressive sale, prices could drop up to $ 0.642.

ADA price analysis.
ADA price analysis. Source: Tradingview.

However, if the current impulse is shifting and bumping, Ada has the chance to reverse the course.

The first key destination talks about the resistance of $ 0.781. If this level is deleted, Cardano could gather at 0.841 US dollars and reach 0.86 US dollars in a stronger bullish step.

Disclaimer

In accordance with the guidelines for the trust project, this price for price analysis only serves for information purposes and should not be regarded as financial or investment advice. IninCrypto undertakes to precise, impartial reports, but the market conditions can change without prior notice. Always carry out your own research and contact a specialist before making financial decisions. Please note that our general terms and conditions, data protection guidelines and disclaimers have been updated.

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