Cardano's (ADA) value has declined by 11% over the past week, currently trading at $1.04. This drop is attributed to a decrease in holding time and a surge in selling activity from large investors. On-chain analysis reveals a 48% decline in holding time, indicating increased selling pressure and waning confidence. Additionally, large holders' netflow has decreased by 134%, suggesting lower accumulation and selling activity among whales. The Balance of Power (BoP) indicator confirms bearish sentiment, with a value of -0.34. If this sentiment strengthens, ADA's price could fall to $0.92. However, a bullish momentum shift could push the price above $1.07, potentially reclaiming the two-year high of $1.32. #Cardano #ADA #Crypto #PriceAnalysis #Bearish #Whales