Cardano Price In Consolidation, But Strong Momentum Ahead?
Cardano price stayed in a narrow range after whales sold 50 million ADA in just two days.
The move took place while the coin traded close to a key support level, leaving traders focused on the next direction.
Market signals showed both positive and negative signs as attention turned to crucial resistance zones.
Whales Sell 50 Million Cardano While Price Holds
Large holders of Cardano sold 50 million ADA in 48 hours, a selloff that took place as the price traded near $0.8176.
Despite the size of the selloff, the coin stayed above the $0.80 support that had been tested twice in September.
It is important to clarify that this level was seen by many as an important line for traders.
Cardano ranked number 10 among digital assets by market size. Its market capitalization stood at $29.95 billion.
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