Cardano ($ADA) is under renewed pressure as significant sell-offs by whales lead to a decline in its price, accompanied by a decrease in trading volumes. The recent actions of large holders have raised concerns among investors, contributing to a shift in market sentiment. Analysts are observing the situation closely, hoping for a potential recovery driven by upcoming ETF approvals and planned network upgrades. These developments could provide the necessary support for Cardano to rebound from the current downturn. However, the immediate outlook remains uncertain as the market adjusts to the recent sell-offs.
