Cardano price weakens; The whales did not move.

The price of Cardano (ADA) is currently at a critical point, and technical indicators reflect mixed signals. ADX shows weak trend strength, large ADA holders have maintained stability in their positions.

EMA lines indicate that the ADA is at a decision point, with key support and resistance levels determining potential moves. Investors should keep an eye on these factors to understand whether the ADA will continue to see bullishness crash or intensify.

The current trend of ADA is still strong.

The ADX (Average Direction Indicator) currently stands at 32.85, down from the previous day's value of 37. This drop indicates that the strength of the ADA's current trend has weakened slightly.

Although the ADX above 25 indicates a strong trend in general, the recent decline from 37 indicates a slowdown, which may mean that the current decline may lose its strength. However, it is still above the 25 key threshold, indicating that some directional strength is expected.

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Despite the decrease in volume, the ADX level remains in a range that reflects moderate trend strength, although it warns that the decline may be fading. If the ADX continues to decline further, it may indicate that the ADA price is moving into a consolidation phase or that the current downtrend may be losing steam.

Cardano Whales are still stable.

The number of addresses between 1 million and 10 million ADA has remained stable in recent days. From October 20 to October 28, this number increased slightly from 2,444 to 2,452.

This indicates that the main owners or “whales” have not been making significant moves recently. This measure is important because it characterizes the large market participants that can have a significant impact on ADA prices.

A whale's lack of prominent buying or selling activity indicates that they are neutral, bullish or bullish. This may indicate a period of market decision, where whales are waiting for clearer signals before taking action.

ADA Price Prediction: Can it return to $0.41?

Currently, the coin's price is below the long-term EMA lines, which suggests that ADA is in a downtrend. If the price is able to break above the higher EMA levels, it may indicate that a bullish reversal is likely, but a rejection at these levels may lead to further consolidation.

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Regarding the support and protection zones, as shown by the blue line, immediate resistance is indicated around $0.36. If that one breaks, ADA's price could rise to $0.41, which would be a 21% gain. ADA shows support at $0.31 and $0.30, highlighted in red. If the current downtrend continues and ADA tests $0.30, this could mean a 10% price correction.

These areas are critical to the continued movement of the ADA; A successful break above resistance can open the door to further reversals, but a fall below support could signal increased bearish pressure and more downside risks.