ADA Price Recovery
After a sharp 20% sell-off, Cardano's price steadied on October 11 as whale investors bought the dip during market turbulence.
Big investors stepped in, and traders are slowly following, with wallets holding 10M-100M ADA rising sharply between October 10-11.
Funding rates flipped positive after the crash, and traders are cautiously turning bullish again, with the short-term RSI around 45 and the Chaikin Money Flow (CMF) in positive territory, indicating subtle accumulation.
After the crypto market's record $19 billion liquidation event, ADA saw heavy selling pressure, but large holders accumulated millions of ADA, limiting further losses and bringing in early signs of a possible recovery.
Whales stepped in, stabilizing the coin around $0.645, beginning a tentative recovery.
Author's summary: ADA's price may recover.