Ethereum News Today: Whale Selloff Tests ADA's $0.82 Survival Zone

Cardano (ADA) has experienced heightened volatility in recent trading sessions as large investors, or "whales," have intensified their selling activity, raising concerns among retail traders and analysts. At the time of reporting, ADA is trading at $0.8244, with a 4.39% decline in daily trading volume. Analyst Ali Martinez reported that whales offloaded 50 million ADA in just 48 hours, a move that could exert further downward pressure on the token in the short term. This aggressive dumping has pushed ADA closer to a key support zone of $0.80–$0.82. If this level holds, it could serve as a base for a potential rebound. However, a breakdown below this threshold may trigger further losses, signaling deeper bearish sentiment in the short-term price action.

Whale behavior often follows a cyclical pattern, with large investors selling during price strength and reaccumulating during periods of panic. This dynamic is currently playing out as ADA's price dips, creating potential opportunities for whales to buy back at lower levels. The recent dip from $0.78 to $0.82 already suggests that this pattern may be repeating, with larger players likely positioning themselves for a potential rebound.

Meanwhile, sentiment among the Cardano community has turned bearish. According to Santiment data, the ratio of positive to negative comments on ADA has plummeted to 1.5:1, a sharp decline from 12:1 in early August. This shift in sentiment reflects growing frustration among retail investors, many of whom have seen their positions decline for three consecutive weeks. However, Santiment notes that bearish sentiment can sometimes act as a contrarian signal, indicating that major players may be accumulating at lower prices.

Technical indicators also highlight the significance of the current price level. The ADA token is currently trading within a broader ascending structure that has been in place since June. At the moment, it is sitting at the Fibonacci 0.382 retracement level of $0.82, which many analysts view as a decisive point. Independent analyst Quantum Ascend describes this as a “make-or-break zone,” where the token either confirms a recovery or continues its descent. On a more bullish note, analyst Crypto King suggests that if ADA maintains its channel, it could retest the $1 level, with potential extensions to $1.20 and $1.40.

The recent developments underscore a complex market dynamic where whale activity, bearish sentiment, and technical support levels are converging. If the $0.80–$0.82 support level holds, ADA could soon attempt another upward movement, possibly retaking the $1 level in the coming months. This scenario would position ADA as a potential breakout asset in 2025, provided that the broader market conditions remain supportive.

The ongoing battle between Cardano and Ethereum further complicates the picture. Charles Hoskinson, co-founder of Ethereum and current leader of Cardano, has recently emphasized the need for developers to build more on Cardano’s blockchain. However, Ethereum’s dominance in the smart contract and DeFi space remains formidable, with a total value locked (TVL) of $91.64 billion compared to Cardano’s $362 million. The disparity in transaction volumes and throughput also highlights the challenges Cardano faces in scaling its ecosystem and gaining broader adoption.

Source:

[1] Cardano Whales Are Dumping, Traders Not Happy: Will ADA Price Hit New High? (https://finance.yahoo.com/news/cardano-whales-dumping-traders-not-081256153.html)

[2] Cardano vs Ethereum - Key Differences and Similarities (https://www.tokenmetrics.com/blog/cardano-vs-ethereum)

[3] ADA to ETH: Cardano Price in Ether (https://www.coingecko.com/en/coins/cardano/eth)

[4] Cardano founder intensifies rivalry with Ethereum amid ... (https://www.mitrade.com/insights/news/live-news/article-3-1084278-20250901)