DIGIVESTASI - Cardano Crypto Whale Sells Amid Price Surge. The recent price rally of Cardano (ADA) has triggered a significant increase in realized profits for its holders. On January 15, these profits peaked at USD 73.33 million as ADA's price approached USD 1.15.

This surge in profits led to substantial coin distribution among ADA whales, as reflected in a sharp decline in their net flows. Data from IntoTheBlock shows that whale net flows dropped by as much as 90% during this period.

Whales, or large holders, refer to addresses that control more than 0.1% of the total circulating supply of an asset. Their net flows represent the difference between the amount of assets they buy and sell within a specific timeframe.

A spike in net flows usually signals accumulation by whales, while a decline in net flows, as seen with ADA, indicates selling by large holders. This activity could point to a potential price drop or a shift in market sentiment.

ADA Price Prediction: Uptrend Reversal

An analysis of the ADA/USD daily chart reveals a failed attempt to retest the previously broken breakout line. Currently, ADA is trading within a symmetrical triangle pattern that has just been breached.

The failure to retest the breakout suggests the price's inability to hold above the breakout level, indicating weak support. This condition confirms a reversal of ADA's uptrend. If the decline continues, ADA's price is projected to fall to USD 0.94.

However, if market sentiment improves, ADA may regain upward momentum. If the price breaks through the upper line of the symmetrical triangle, which serves as a resistance level at USD 1.03, further price increases could follow.