Is Cardano facing a new exit?

When the ADA returns, the whale’s litter keeps it on shaky ground.

The cryptocurrency market has witnessed a significant recovery in the last 24 hours, with ADA Cardano following a green wave.

However, the whales’ recent actions suggest that a new amendment may be knocking on the door.

The bears are left to their own devices

ADA rose above $0.27 today (March 4) and has gained about 3% on the day, although it remains down about 2% over the past week. Its decrease during this period coincides with the sale of large investors.

Well-known analyst Ali Martinez revealed that the sharks “redistributed” 230 million tokens: the current stock is worth about $63 million. This group of investors now controls less than 13.7 billion ADA, or about 37% of the current supply of assets.

Since his chart shows a significant decline in their shares, it can be seen as a significant sell-off, which can affect the price for several reasons. They increase the amount of ADA on the open market, and without a corresponding increase in demand, this additional supply can hold back the price. The whale split also suggests that confidence among large holders has weakened, a change that could cause smaller investors to worry and cash out as well.

It should be noted that the behavior of large investors last week compares with their buying in recent months. As Crypto potato reported that they bought nearly 820 million ADAs between August 2025 and February of this year.

Despite its daily resurgence, the original Cardano token is still struggling to break out of its extended bearish pattern. Earlier this week, Martinez identified $0.245, $0.112 and $0.051 as the next three lines of defense for the asset if it goes south again.

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Meanwhile, popular trader Jake Gagain described ADA as one of his worst investments since entering the crypto market. His comments sparked a heated debate, with some X users sharing his thesis, while others argued that his timing was bad and insisted that “the best is yet to come”.

Bullish signs

On the other hand, some technical indicators show that Cardano’s native cryptocurrency could soon make a decisive comeback. For example, the turnover of ADA exchange networks has been mostly negative for the past few months. This means that investors will continue to move coins from centralized platforms to their own, thus reducing the pressure of immediate selling.

Next on the list is the ADA Relative Strength Index (RSI), which has dropped below 30 on the weekly scale. The technical analysis tool ranges from 0 to 100, and readings above 70 indicate that the asset is overbought and should be corrected. Conversely, anything below 30 is considered a buying opportunity.

User X Sssebi noted the development, saying that “Historically, ADA has never been so oversold, making it one of the most discounted projects.”