Cardano's Price Recovery
After a sharp 20% sell-off, Cardano's price steadied on October 11th as whale investors bought the dip during market turbulence.
Large holders accumulated millions of ADA, limiting further losses and showing early signs of a possible recovery.
- Wallets holding 10M-100M ADA rose sharply between October 10-11.
- Funding rates flipped positive after the crash, with traders cautiously turning bullish again.
The short-term RSI was around 45, while the Chaikin Money Flow (CMF) went into positive territory, indicating subtle accumulation.
Whales stepped in, stabilizing the coin around $0.645, beginning a tentative recovery.
Author's summary: Cardano's price recovers after whale investors buy the dip.